Oregon Public Employees Retirement Fund trimmed its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,847 shares of the basic materials company’s stock after selling 2,069 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Royal Gold were worth $3,038,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. AdvisorNet Financial Inc grew its position in Royal Gold by 66.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Royal Gold by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock valued at $1,944,000 after acquiring an additional 100 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Royal Gold by 3.2% in the third quarter. LS Investment Advisors LLC now owns 3,298 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 102 shares during the last quarter. Liberty Wealth Management LLC boosted its stake in Royal Gold by 108.5% in the third quarter. Liberty Wealth Management LLC now owns 221 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 115 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Royal Gold by 26.3% in the third quarter. CENTRAL TRUST Co now owns 600 shares of the basic materials company’s stock valued at $74,000 after acquiring an additional 125 shares during the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on RGLD. Royal Bank of Canada began coverage on shares of Royal Gold in a research note on Wednesday, December 4th. They issued a “sell” rating and a $115.00 target price on the stock. TheStreet cut shares of Royal Gold from a “b” rating to a “c+” rating in a research note on Friday, February 7th. National Bank Financial boosted their target price on shares of Royal Gold from $130.00 to $140.00 and gave the company a “sector perform” rating in a research note on Friday, January 10th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a research note on Monday, December 23rd. Finally, Barclays reiterated a “sell” rating and issued a $107.00 target price on shares of Royal Gold in a research note on Thursday, December 12th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Royal Gold currently has a consensus rating of “Hold” and an average price target of $118.50.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The business had revenue of $123.60 million for the quarter, compared to analysts’ expectations of $130.34 million. Royal Gold had a net margin of 35.69% and a return on equity of 6.25%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts predict that Royal Gold, Inc will post 2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.28 per share. This is a boost from Royal Gold’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, January 2nd. Royal Gold’s dividend payout ratio is presently 77.24%.
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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