Cerity Partners LLC Acquires 603 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Cerity Partners LLC increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,984 shares of the basic materials company’s stock after purchasing an additional 603 shares during the period. Cerity Partners LLC’s holdings in Royal Gold were worth $845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $31,000. Artemis Wealth Advisors LLC bought a new stake in shares of Royal Gold during the third quarter worth $36,000. BKM Wealth Management LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $36,000. Quent Capital LLC lifted its position in Royal Gold by 35.0% in the 4th quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock valued at $67,000 after acquiring an additional 144 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Royal Gold by 26.5% in the 3rd quarter. Covestor Ltd now owns 769 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 161 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Down 3.2 %

Shares of Royal Gold stock opened at $118.82 on Tuesday. The stock has a market cap of $7.81 billion, a P/E ratio of 32.64, a P/E/G ratio of 6.32 and a beta of 0.87. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $147.82. The business’s 50 day moving average is $113.87 and its 200-day moving average is $114.54.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping 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 firm 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 firm posted $0.91 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Royal Gold, Inc. will post 4.32 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s payout ratio is currently 43.96%.

Insiders Place Their Bets

In other news, VP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the completion of the sale, the vice president now directly owns 9,473 shares of the company’s stock, valued at $986,897.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RGLD shares. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Jefferies Financial Group started coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $158.00 in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Royal Gold presently has a consensus rating of “Hold” and a consensus price target of $143.25.

About Royal Gold

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.