Venturi Wealth Management LLC Sells 84 Shares of Royal Gold, Inc. $RGLD

Venturi Wealth Management LLC trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,376 shares of the basic materials company’s stock after selling 84 shares during the quarter. Venturi Wealth Management LLC’s holdings in Royal Gold were worth $245,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. PFG Investments LLC increased its holdings in shares of Royal Gold by 0.9% in the first quarter. PFG Investments LLC now owns 5,938 shares of the basic materials company’s stock worth $971,000 after purchasing an additional 54 shares during the last quarter. NorthRock Partners LLC increased its holdings in shares of Royal Gold by 4.5% in the first quarter. NorthRock Partners LLC now owns 1,586 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 68 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 74 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of 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 worth $2,705,000 after purchasing an additional 78 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Royal Gold by 2.9% in the second quarter. Parallel Advisors LLC now owns 2,797 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 80 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on RGLD. CIBC lifted their price target on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. TD Securities reiterated a “buy” rating and issued a $237.00 price target (up previously from $229.00) on shares of Royal Gold in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday. Finally, Wall Street Zen upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $194.47 on Friday. Royal Gold, Inc. has a 1 year low of $130.67 and a 1 year high of $206.49. The business has a 50 day simple moving average of $183.35 and a two-hundred day simple moving average of $175.92. The firm has a market capitalization of $12.80 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The business had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 3rd. Royal Gold’s payout ratio 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.