3,347 Royal Gold, Inc. $RGLD Shares Sold by Plancorp LLC

Plancorp LLC reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,973 shares of the basic materials company’s stock after selling 3,347 shares during the period. Plancorp LLC’s holdings in Royal Gold were worth $2,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new position in shares of Royal Gold during the 1st quarter worth about $25,000. Grove Bank & Trust grew its holdings in shares of Royal Gold by 88.6% in the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Eastern Bank increased its position in shares of Royal Gold by 622.2% in the third quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 112 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Royal Gold in the first quarter valued at about $32,000. Finally, Core Capital Management & Research inc. bought a new stake in Royal Gold during the second quarter worth about $32,000. 83.65% of the stock is owned by institutional investors.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the transaction, the senior vice president owned 8,082 shares in the company, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RGLD. TD reduced their price target on Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Weiss Ratings raised Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Royal Bank Of Canada upped their price objective on Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Raymond James Financial set a $337.00 price objective on Royal Gold in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $309.67.

Royal Gold News Summary

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Royal Gold reported third-quarter EPS of $2.80, above the $2.77 consensus, and revenue of $464.77 million, topping expectations and rising 84.4% year over year. Royal Gold Q3 earnings results
• Positive Sentiment: The company announced record cash flow and full repayment of its debt, strengthening its balance sheet and financial flexibility. Royal Gold reports record cash flow and repays debt
• Neutral Sentiment: Royal Gold outlined a roughly $43 million buyback of a Kinross Great Bear royalty interest, increasing its net smelter return royalty to 1.5%; it said its $1.4 billion revolving credit facility remains available. Royal Gold outlines Great Bear royalty transaction
• Negative Sentiment: Bank of America Securities maintained its sell rating, signaling continued analyst skepticism despite the strong quarter. Bank of America Securities keeps sell rating

Royal Gold Stock Performance

RGLD traded up $4.53 during trading hours on Friday, reaching $265.81. The company’s stock had a trading volume of 1,029,057 shares, compared to its average volume of 592,052. The company’s 50-day moving average is $244.37 and its 200-day moving average is $241.16. Royal Gold, Inc. has a 52 week low of $170.89 and a 52 week high of $306.25. The firm has a market cap of $22.52 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.71 and a beta of 0.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.77 by $0.03. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $464.77 million for the quarter, compared to the consensus estimate of $459.84 million. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s quarterly revenue was up 84.4% on a year-over-year basis. On average, equities analysts forecast that Royal Gold, Inc. will post 10.65 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were issued a dividend of $0.4750 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s payout ratio is presently 19.15%.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.