Royal Gold, Inc. $RGLD Stock Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 52.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,034 shares of the basic materials company’s stock after selling 2,213 shares during the quarter. Integrated Advisors Network LLC’s holdings in Royal Gold were worth $480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Nova Scotia grew its stake in shares of Royal Gold by 2.9% in the first quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 43 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Royal Gold by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,734 shares of the basic materials company’s stock worth $2,532,000 after purchasing an additional 44 shares in the last quarter. Hilltop Holdings Inc. grew its position in Royal Gold by 0.6% during the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock valued at $1,891,000 after purchasing an additional 46 shares during the last quarter. Finally, Compound Planning Inc. grew its position in Royal Gold by 3.3% during the 1st quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD reduced their price objective on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research note on Tuesday. Jefferies Financial Group dropped their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Canadian Imperial Bank of Commerce set a $305.00 target price on shares of Royal Gold in a research note on Friday, October 16th. Raymond James Financial reiterated an “outperform” rating and set a $336.00 price target on shares of Royal Gold in a report on Tuesday. Finally, Scotiabank reissued a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $309.56.

Royal Gold Stock Performance

Shares of RGLD stock opened at $227.42 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $247.04 and a 200-day moving average price of $230.58. Royal Gold, Inc. has a 52 week low of $168.88 and a 52 week high of $306.25. The firm has a market capitalization of $19.27 billion, a PE ratio of 24.32, a P/E/G ratio of 1.73 and a beta of 0.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The company had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. As a group, equities research analysts expect that Royal Gold, Inc. will post 10.47 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a $0.4750 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold’s payout ratio is 20.74%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.