AGF Investments LLC Has $675,000 Position in Royal Gold, Inc (NASDAQ:RGLD)

AGF Investments LLC reduced its stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 34.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,701 shares of the basic materials company’s stock after selling 4,035 shares during the quarter. AGF Investments LLC’s holdings in Royal Gold were worth $675,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. NEXT Financial Group Inc boosted its holdings in shares of Royal Gold by 44.8% during the first quarter. NEXT Financial Group Inc now owns 304 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 94 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $2,903,000. Utah Retirement Systems boosted its holdings in shares of Royal Gold by 0.8% during the fourth quarter. Utah Retirement Systems now owns 12,496 shares of the basic materials company’s stock worth $1,527,000 after purchasing an additional 100 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Royal Gold by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,139 shares of the basic materials company’s stock worth $2,095,000 after purchasing an additional 117 shares during the period. Finally, Cedar Brook Financial Partners LLC boosted its holdings in shares of Royal Gold by 6.9% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 1,851 shares of the basic materials company’s stock worth $226,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 78.81% of the company’s stock.

Shares of Royal Gold stock opened at $136.96 on Friday. The firm has a fifty day simple moving average of $118.01 and a 200-day simple moving average of $110.87. The company has a current ratio of 3.02, a quick ratio of 2.78 and a debt-to-equity ratio of 0.04. Royal Gold, Inc has a 1-year low of $59.78 and a 1-year high of $139.63. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 5.63 and a beta of 0.81.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. Royal Gold had a net margin of 35.75% and a return on equity of 6.93%. The business had revenue of $136.40 million during the quarter, compared to analysts’ expectations of $133.59 million. During the same period in the previous year, the company earned $0.44 earnings per share. Royal Gold’s revenue for the quarter was up 24.2% on a year-over-year basis. As a group, research analysts predict that Royal Gold, Inc will post 2.43 earnings per share for the current year.

A number of analysts have issued reports on RGLD shares. TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b” rating in a research note on Wednesday, May 6th. National Bank Financial lifted their target price on shares of Royal Gold from $122.50 to $147.50 and gave the company a “sector perform” rating in a research note on Tuesday. Royal Bank of Canada upgraded shares of Royal Gold from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $90.00 to $115.00 in a research note on Friday, May 15th. Barclays upgraded shares of Royal Gold from an “underweight” rating to an “equal weight” rating and set a $105.00 target price for the company in a research note on Thursday, April 16th. Finally, Scotiabank upgraded shares of Royal Gold from a “sector underperform” rating to a “sector perform” rating and set a $112.00 target price for the company in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $127.15.

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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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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