BFI Infinity Ltd. Sells 300 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

BFI Infinity Ltd. trimmed its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,058 shares of the basic materials company’s stock after selling 300 shares during the period. BFI Infinity Ltd.’s holdings in Royal Gold were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Connor Clark & Lunn Investment Management Ltd. bought a new position in Royal Gold during the fourth quarter worth $741,000. Arizona State Retirement System grew its holdings in shares of Royal Gold by 0.8% in the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock worth $2,515,000 after purchasing an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock worth $63,843,000 after purchasing an additional 5,067 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Royal Gold by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company’s stock worth $1,715,000 after purchasing an additional 199 shares in the last quarter. Finally, City Center Advisors LLC bought a new position in Royal Gold during the 1st quarter valued at about $324,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a “market perform” rating in a research note on Thursday, May 22nd. Royal Bank of Canada cut their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Raymond James upped their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $183.13.

Royal Gold Trading Up 0.5%

NASDAQ RGLD opened at $176.77 on Tuesday. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The stock has a 50-day simple moving average of $176.66 and a 200 day simple moving average of $156.30. The company has a market capitalization of $11.63 billion, a PE ratio of 35.07, a P/E/G ratio of 3.42 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. The company had revenue of $193.44 million during the quarter, compared to analysts’ expectations of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Royal Gold’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold’s dividend payout ratio is presently 29.80%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.