Sigma Planning Corp Takes $725,000 Position in Royal Gold, Inc. $RGLD

Sigma Planning Corp bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,078 shares of the basic materials company’s stock, valued at approximately $725,000.

A number of other institutional investors have also bought and sold shares of the business. State of Michigan Retirement System raised its holdings in Royal Gold by 0.6% during the second quarter. State of Michigan Retirement System now owns 15,848 shares of the basic materials company’s stock valued at $2,818,000 after acquiring an additional 100 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Royal Gold during the second quarter worth about $203,000. Strs Ohio raised its stake in Royal Gold by 18.5% during the 2nd quarter. Strs Ohio now owns 11,743 shares of the basic materials company’s stock valued at $2,088,000 after purchasing an additional 1,836 shares during the period. Amalgamated Bank lifted its holdings in Royal Gold by 4.0% in the 2nd quarter. Amalgamated Bank now owns 31,370 shares of the basic materials company’s stock worth $5,579,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Atria Investments Inc lifted its holdings in Royal Gold by 29.2% in the 2nd quarter. Atria Investments Inc now owns 1,792 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Bank of America increased their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, October 16th. Zacks Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. TD Securities restated a “buy” rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Scotiabank reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, October 23rd. Finally, Raymond James Financial set a $264.00 price target on Royal Gold in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.22.

Royal Gold Price Performance

Shares of RGLD stock opened at $175.82 on Friday. The company has a market cap of $11.57 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The stock’s 50 day simple moving average is $188.68 and its two-hundred day simple moving average is $178.01. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $209.42.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). The company had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, October 3rd. Royal Gold’s dividend payout ratio is presently 24.73%.

Royal Gold 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.