Titus Wealth Management cut its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 43.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,050 shares of the basic materials company’s stock after selling 1,600 shares during the quarter. Titus Wealth Management’s holdings in Royal Gold were worth $210,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. CENTRAL TRUST Co lifted its stake in Royal Gold by 375.0% in the 2nd quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 375 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Royal Gold in the 2nd quarter valued at approximately $64,000. Signaturefd LLC lifted its stake in Royal Gold by 77.5% in the 1st quarter. Signaturefd LLC now owns 1,154 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 504 shares in the last quarter. Sandy Spring Bank lifted its stake in Royal Gold by 375.7% in the 2nd quarter. Sandy Spring Bank now owns 1,037 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 819 shares in the last quarter. Finally, Willingdon Wealth Management bought a new stake in Royal Gold in the 2nd quarter valued at approximately $122,000. Institutional investors and hedge funds own 78.37% of the company’s stock.
In related news, Director William M. Hayes sold 18,369 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $125.00, for a total value of $2,296,125.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark Isto sold 2,173 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $125.02, for a total value of $271,668.46. Following the completion of the sale, the vice president now owns 21,480 shares in the company, valued at approximately $2,685,429.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,603 shares of company stock worth $11,107,708. 0.95% of the stock is owned by company insiders.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Royal Gold had a net margin of 22.18% and a return on equity of 4.42%. The business had revenue of $115.69 million during the quarter, compared to the consensus estimate of $112.30 million. Equities analysts anticipate that Royal Gold, Inc will post 2.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, October 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 73.10%.
A number of equities research analysts have recently issued reports on the company. TD Securities upped their price objective on Royal Gold from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Friday, June 7th. BidaskClub cut Royal Gold from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. B. Riley upped their price objective on Royal Gold from $132.50 to $132.90 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Barclays cut Royal Gold from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $88.00 to $105.00 in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $111.93.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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