OppenheimerFunds Inc. Has $23.12 Million Position in Royal Gold, Inc (RGLD)

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OppenheimerFunds Inc. increased its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 249,071 shares of the basic materials company’s stock after buying an additional 8,203 shares during the period. OppenheimerFunds Inc. owned about 0.38% of Royal Gold worth $23,124,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tiverton Asset Management LLC purchased a new stake in Royal Gold during the 2nd quarter worth $318,000. Trexquant Investment LP purchased a new stake in Royal Gold during the 2nd quarter worth $680,000. Neuburgh Advisers LLC increased its stake in Royal Gold by 20.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 6,886 shares of the basic materials company’s stock worth $639,000 after buying an additional 1,188 shares during the period. State of Alaska Department of Revenue increased its stake in Royal Gold by 5.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 17,990 shares of the basic materials company’s stock worth $1,669,000 after buying an additional 920 shares during the period. Finally, Amalgamated Bank increased its stake in Royal Gold by 4.4% during the 2nd quarter. Amalgamated Bank now owns 14,205 shares of the basic materials company’s stock worth $1,319,000 after buying an additional 600 shares during the period. 74.89% of the stock is currently owned by hedge funds and other institutional investors.

RGLD opened at $74.23 on Friday. The stock has a market capitalization of $4.88 billion, a PE ratio of 42.18, a P/E/G ratio of 3.84 and a beta of 0.35. Royal Gold, Inc has a 1-year low of $71.91 and a 1-year high of $98.53. The company has a quick ratio of 2.27, a current ratio of 2.45 and a debt-to-equity ratio of 0.16.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $116.20 million during the quarter, compared to the consensus estimate of $115.57 million. Royal Gold had a negative net margin of 24.65% and a positive return on equity of 5.17%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. equities analysts expect that Royal Gold, Inc will post 1.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 4th. Royal Gold’s dividend payout ratio is presently 56.82%.

In related news, CEO Tony A. Jensen sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $95.11, for a total transaction of $1,902,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jamie C. Sokalsky acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were acquired at an average cost of $77.25 per share, with a total value of $154,500.00. Following the transaction, the director now owns 9,200 shares in the company, valued at $710,700. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 36,931 shares of company stock valued at $3,463,106. Insiders own 1.12% of the company’s stock.

Several research firms recently issued reports on RGLD. BidaskClub raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Scotiabank set a $88.00 target price on shares of Royal Gold and gave the stock a “hold” rating in a research report on Thursday, August 9th. Finally, Canaccord Genuity set a $102.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Royal Gold presently has a consensus rating of “Hold” and an average target price of $98.95.

About Royal Gold

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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