Royal Gold, Inc. $RGLD Holdings Cut by Versor Investments LP

Versor Investments LP lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,700 shares of the basic materials company’s stock after selling 300 shares during the period. Versor Investments LP’s holdings in Royal Gold were worth $1,423,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PFG Investments LLC raised its holdings in shares of Royal Gold by 0.9% during the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock valued at $971,000 after buying an additional 54 shares during the last quarter. BCS Wealth Management raised its holdings in shares of Royal Gold by 0.3% during the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock valued at $3,385,000 after buying an additional 63 shares during the last quarter. NorthRock Partners LLC increased its stake in shares of Royal Gold by 4.5% during the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 68 shares during the period. GoalVest Advisory LLC increased its stake in shares of Royal Gold by 5.2% during the first quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 75 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Royal Gold by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company’s stock valued at $2,203,000 after acquiring an additional 100 shares during the period. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price objective on shares of Royal Gold from $202.00 to $203.00 in a research note on Wednesday, June 11th. Wall Street Zen lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday. TD Securities reiterated a “buy” rating and set a $237.00 price objective (up previously from $229.00) on shares of Royal Gold in a research note on Friday, August 8th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a “market perform” rating in a research note on Thursday, May 22nd. Finally, CIBC lifted their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.63.

Royal Gold Stock Performance

Royal Gold stock opened at $171.45 on Monday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $191.78. The firm’s 50 day moving average price is $167.55 and its two-hundred day moving average price is $165.79.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share 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 period in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Royal Gold 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.