WINTON GROUP Ltd increased its stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 4.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 46,136 shares of the basic materials company’s stock after buying an additional 1,932 shares during the period. WINTON GROUP Ltd’s holdings in Royal Gold were worth $3,962,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in RGLD. Gables Capital Management Inc. acquired a new stake in Royal Gold in the 1st quarter worth about $107,000. Stone Ridge Asset Management LLC acquired a new stake in Royal Gold in the 4th quarter worth about $219,000. GSA Capital Partners LLP acquired a new stake in Royal Gold in the 1st quarter worth about $222,000. Vident Investment Advisory LLC acquired a new stake in Royal Gold in the 4th quarter worth about $223,000. Finally, Verity Asset Management Inc. acquired a new stake in Royal Gold in the 1st quarter worth about $237,000. 74.59% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on RGLD shares. UBS Group upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 14th. ValuEngine cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Raymond James dropped their price objective on shares of Royal Gold from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, February 26th. BidaskClub cut shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, Scotiabank set a $89.00 price objective on shares of Royal Gold and gave the stock a “hold” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $97.59.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, May 3rd. The basic materials company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $116.00 million during the quarter, compared to analysts’ expectations of $111.66 million. Royal Gold had a negative net margin of 26.51% and a positive return on equity of 4.73%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. research analysts expect that Royal Gold, Inc will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 64.52%.
In related news, VP Karli S. Anderson sold 1,049 shares of Royal Gold stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $89.77, for a total transaction of $94,168.73. Following the sale, the vice president now directly owns 19,744 shares of the company’s stock, valued at approximately $1,772,418.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $88.16, for a total transaction of $132,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,785 shares of company stock worth $1,514,186 over the last ninety days. 1.12% of the stock is currently owned by insiders.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar 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. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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