2,439 Shares in Royal Gold, Inc (RGLD) Acquired by Squar Milner Financial Services LLC

Squar Milner Financial Services LLC purchased a new stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,439 shares of the basic materials company’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. QS Investors LLC raised its position in Royal Gold by 0.4% in the 2nd quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock valued at $278,000 after purchasing an additional 13 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Royal Gold by 4.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 311 shares during the last quarter. Sei Investments Co. raised its position in Royal Gold by 6.0% in the 3rd quarter. Sei Investments Co. now owns 10,583 shares of the basic materials company’s stock valued at $910,000 after purchasing an additional 601 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Royal Gold by 18.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,898 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 618 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Royal Gold by 3.6% in the 2nd quarter. Voya Investment Management LLC now owns 20,769 shares of the basic materials company’s stock valued at $1,624,000 after purchasing an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Royal Gold, Inc (NASDAQ RGLD) opened at $84.99 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.98 and a quick ratio of 3.80. The stock has a market cap of $5,602.32, a price-to-earnings ratio of 56.31, a price-to-earnings-growth ratio of 5.08 and a beta of 0.61. Royal Gold, Inc has a 12 month low of $61.00 and a 12 month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million during the quarter, compared to analyst estimates of $114.79 million. Royal Gold had a net margin of 13.00% and a return on equity of 4.31%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share. equities research analysts anticipate that Royal Gold, Inc will post 1.69 earnings per share for the current fiscal year.

Several research firms recently commented on RGLD. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. National Bank Financial upped their price target on shares of Royal Gold from $100.00 to $102.50 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Canaccord Genuity upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Scotiabank set a $90.00 price target on shares of Royal Gold and gave the company a “hold” rating in a research report on Monday, January 15th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Royal Gold presently has a consensus rating of “Hold” and an average target price of $95.46.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 4,500 shares of company stock worth $387,750 over the last three months. 1.12% of the stock is currently owned by corporate insiders.

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Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL).

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

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