Retirement Planning Group LLC Lowers Stock Position in Royal Gold, Inc. $RGLD

Retirement Planning Group LLC reduced its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,925 shares of the basic materials company’s stock after selling 75 shares during the quarter. Retirement Planning Group LLC’s holdings in Royal Gold were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. NorthRock Partners LLC raised its stake in Royal Gold by 4.5% in the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 68 shares in the last quarter. Blue Trust Inc. raised its stake in Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares in the last quarter. Signaturefd LLC raised its stake in Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 74 shares in the last quarter. Intech Investment Management LLC raised its stake in Royal Gold by 0.5% in the first quarter. Intech Investment Management LLC now owns 16,544 shares of the basic materials company’s stock valued at $2,705,000 after purchasing an additional 78 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Royal Gold by 2.9% in the second quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company’s stock valued at $497,000 after purchasing an additional 80 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

RGLD stock opened at $183.58 on Thursday. Royal Gold, Inc. has a one year low of $130.67 and a one year high of $209.42. The company has a market capitalization of $12.09 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.41. The company’s 50 day moving average price is $188.09 and its two-hundred day moving average price is $177.75.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.11. Royal Gold had a net margin of 56.24% and a return on equity of 13.30%. The firm had revenue of $209.64 million for the quarter, compared to analysts’ expectations of $186.63 million. During the same quarter last year, the business earned $1.25 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. On average, research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.45 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is currently 26.39%.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday. Bank of America lifted their price target on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. CIBC lifted their price target on shares of Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Raymond James Financial set a $257.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.11.

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.