Royal Gold, Inc. $RGLD Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,785 shares of the basic materials company’s stock after selling 2,004 shares during the period. TD Asset Management Inc’s holdings in Royal Gold were worth $3,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. Caldwell Trust Co acquired a new position in Royal Gold during the second quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Royal Gold during the third quarter worth about $50,000. Spire Wealth Management acquired a new position in shares of Royal Gold during the 3rd quarter worth about $64,000. Finally, Smartleaf Asset Management LLC lifted its stake in Royal Gold by 248.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RGLD. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research note on Sunday, December 7th. Finally, Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research note on Monday, January 26th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

Royal Gold Stock Up 0.1%

RGLD stock opened at $281.20 on Thursday. The firm has a market cap of $23.85 billion, a PE ratio of 41.29, a PEG ratio of 1.69 and a beta of 0.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The firm’s 50 day moving average price is $266.98 and its 200-day moving average price is $218.49. Royal Gold, Inc. has a one year low of $147.20 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $360.85 million during the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. On average, equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 27.90%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Hayes sold 4,173 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.49% of the stock is currently owned by company insiders.

About Royal Gold

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.