Royal Gold, Inc. $RGLD Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 97.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,493 shares of the basic materials company’s stock after selling 69,334 shares during the quarter. Great Lakes Advisors LLC’s holdings in Royal Gold were worth $299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. New York State Common Retirement Fund raised its stake in shares of Royal Gold by 3.6% during the 3rd quarter. New York State Common Retirement Fund now owns 46,604 shares of the basic materials company’s stock worth $9,348,000 after buying an additional 1,600 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Royal Gold by 4.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 10,710 shares of the basic materials company’s stock worth $2,148,000 after acquiring an additional 426 shares in the last quarter. Ballentine Partners LLC acquired a new position in Royal Gold during the third quarter worth $203,000. J. Safra Sarasin Holding AG purchased a new position in Royal Gold during the third quarter valued at $362,000. Finally, Barlow Wealth Partners Inc. grew its position in shares of Royal Gold by 2.0% in the third quarter. Barlow Wealth Partners Inc. now owns 115,610 shares of the basic materials company’s stock valued at $21,224,000 after purchasing an additional 2,297 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Wall Street Zen downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. TD Cowen raised their price objective on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the stock an “outperform” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average price target of $243.50.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $259.46 on Tuesday. The business’s 50 day moving average price is $236.57 and its 200 day moving average price is $200.24. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 0.72 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. Royal Gold, Inc. has a one year low of $138.34 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The company had revenue of $250.23 million during the quarter, compared to analyst estimates of $275.11 million. Royal Gold had a return on equity of 14.14% and a net margin of 55.99%.The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $1.47 earnings per share. On average, research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, January 2nd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. Royal Gold’s dividend payout ratio (DPR) is presently 26.10%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.