Raymond James Financial Services Advisors Inc. Has $611,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Raymond James Financial Services Advisors Inc. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,051 shares of the basic materials company’s stock after selling 841 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Royal Gold were worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Royal Gold in the second quarter valued at about $31,000. BKM Wealth Management LLC bought a new stake in Royal Gold in the fourth quarter valued at about $36,000. Artemis Wealth Advisors LLC bought a new stake in Royal Gold in the third quarter valued at about $36,000. 1832 Asset Management L.P. bought a new stake in Royal Gold in the first quarter valued at about $51,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Royal Gold in the fourth quarter valued at about $52,000. Institutional investors own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RGLD shares. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and upped their target price for the company from $148.00 to $158.00 in a research note on Wednesday, March 27th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group began coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Royal Gold has a consensus rating of “Hold” and an average price target of $145.67.

Royal Gold Price Performance

RGLD opened at $123.00 on Thursday. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.31 and a quick ratio of 2.18. The company’s 50 day simple moving average is $113.32 and its 200-day simple moving average is $114.09. The stock has a market capitalization of $8.09 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 6.19 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business had revenue of $152.70 million for the quarter, compared to analyst estimates of $140.32 million. During the same period in the prior year, the business posted $0.91 earnings per share. Royal Gold’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Royal Gold, Inc. will post 4.35 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a $0.40 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.30%. Royal Gold’s dividend payout ratio is currently 43.96%.

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.