Royal Gold, Inc. (NASDAQ:RGLD) Holdings Trimmed by Private Client Services LLC

Private Client Services LLC trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,072 shares of the basic materials company’s stock after selling 174 shares during the quarter. Private Client Services LLC’s holdings in Royal Gold were worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RGLD. Hsbc Holdings PLC lifted its stake in Royal Gold by 357.7% during the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after purchasing an additional 40,419 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after buying an additional 83,015 shares in the last quarter. Sei Investments Co. lifted its position in shares of Royal Gold by 75.8% during the 2nd quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company’s stock valued at $8,174,000 after acquiring an additional 28,163 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Royal Gold during the 3rd quarter worth $1,201,000. Finally, Verition Fund Management LLC grew its holdings in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after acquiring an additional 5,480 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

RGLD traded up $2.46 on Wednesday, reaching $136.09. 182,902 shares of the company traded hands, compared to its average volume of 337,818. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.08 and a beta of 0.90. The stock’s 50 day moving average price is $142.50 and its 200-day moving average price is $139.68. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the previous year, the company posted $0.76 EPS. Royal Gold’s revenue was up 39.8% on a year-over-year basis. As a group, equities research analysts forecast that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. Royal Gold’s dividend payout ratio (DPR) is 41.28%.

Insider Activity

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at $2,443,950. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RGLD has been the subject of several analyst reports. Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $178.00 in a research note on Tuesday. TD Securities lifted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.86.

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.