Janney Montgomery Scott LLC increased its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,575 shares of the basic materials company’s stock after acquiring an additional 250 shares during the period. Janney Montgomery Scott LLC’s holdings in Royal Gold were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC bought a new stake in shares of Royal Gold in the 3rd quarter worth approximately $101,000. Quantamental Technologies LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $184,000. Titus Wealth Management bought a new stake in shares of Royal Gold in the 3rd quarter worth approximately $204,000. HRT Financial LLC bought a new stake in shares of Royal Gold in the 3rd quarter worth approximately $237,000. Finally, Verity Asset Management Inc. lifted its holdings in shares of Royal Gold by 28.9% in the 3rd quarter. Verity Asset Management Inc. now owns 3,783 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 848 shares during the last quarter. 75.68% of the stock is currently owned by institutional investors and hedge funds.
RGLD opened at $88.41 on Friday. Royal Gold, Inc has a 12 month low of $70.16 and a 12 month high of $98.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.27 and a current ratio of 5.48. The company has a market capitalization of $5.83 billion, a P/E ratio of 50.23, a price-to-earnings-growth ratio of 5.72 and a beta of 0.26.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 6th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Royal Gold had a positive return on equity of 4.56% and a negative net margin of 20.57%. The firm had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts expect that Royal Gold, Inc will post 1.57 earnings per share for the current fiscal year.
Several brokerages recently issued reports on RGLD. TD Securities raised their price target on Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Raymond James reissued an “outperform” rating and issued a $95.00 price target on shares of Royal Gold in a report on Friday, February 8th. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a report on Monday, January 7th. Finally, ValuEngine raised Royal Gold from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $94.83.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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