UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,259 Shares of Royal Gold, Inc. $RGLD

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 248,893 shares of the basic materials company’s stock after selling 2,259 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Royal Gold were worth $49,682,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after acquiring an additional 84,206 shares in the last quarter. Focus Partners Wealth increased its holdings in Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd raised its holdings in Royal Gold by 43.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after acquiring an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $258.38 on Thursday. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The firm has a market capitalization of $21.89 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.91 and a beta of 0.50. The business has a fifty day simple moving average of $218.07 and a two-hundred day simple moving average of $235.96. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter in the prior year, the company earned $1.81 earnings per share. The business’s revenue was up 114.9% compared to the same quarter last year. On average, equities analysts forecast that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a $0.475 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s payout ratio is presently 20.74%.

Analyst Ratings Changes

A number of analysts recently weighed in on RGLD shares. Royal Bank Of Canada decreased their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. UBS Group raised their price objective on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group lowered their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $285.10.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred 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 sale, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.