Schwab Charles Investment Management Inc. raised its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,240 shares of the basic materials company’s stock after purchasing an additional 10,842 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Royal Gold were worth $20,140,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently bought and sold shares of RGLD. Quantbot Technologies LP acquired a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $174,000. Macquarie Group Ltd. acquired a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $267,000. Visionary Asset Management Inc. acquired a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $289,000. Janney Montgomery Scott LLC lifted its position in shares of Royal Gold by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,898 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 618 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $392,000. Institutional investors own 71.44% of the company’s stock.
Royal Gold, Inc (RGLD) opened at $84.99 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.80 and a current ratio of 3.98. Royal Gold, Inc has a 12-month low of $61.00 and a 12-month high of $94.39. The stock has a market capitalization of $5,560.00, a P/E ratio of 66.40, a P/E/G ratio of 5.04 and a beta of 0.61.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company had revenue of $114.35 million for the quarter, compared to analyst estimates of $114.79 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. analysts predict that Royal Gold, Inc will post 1.69 earnings per share for the current fiscal year.
In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 4,500 shares of company stock valued at $387,750 over the last 90 days. Insiders own 1.12% of the company’s stock.
A number of research firms have recently issued reports on RGLD. National Bank Financial lifted their price target on shares of Royal Gold from $100.00 to $102.50 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Scotiabank set a $90.00 price target on shares of Royal Gold and gave the company a “hold” rating in a research report on Monday, January 15th. Finally, Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $95.46.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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