Royal Gold, Inc (RGLD) is ASA Gold & Precious Metals Ltd’s 4th Largest Position

ASA Gold & Precious Metals Ltd reduced its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 13.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 165,000 shares of the basic materials company’s stock after selling 25,000 shares during the quarter. Royal Gold comprises 10.0% of ASA Gold & Precious Metals Ltd’s holdings, making the stock its 4th biggest holding. ASA Gold & Precious Metals Ltd’s holdings in Royal Gold were worth $12,715,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RGLD. Van ECK Associates Corp increased its stake in shares of Royal Gold by 11.6% during the 2nd quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock worth $355,668,000 after purchasing an additional 399,288 shares during the last quarter. Northern Trust Corp increased its stake in shares of Royal Gold by 3.0% during the 2nd quarter. Northern Trust Corp now owns 742,461 shares of the basic materials company’s stock worth $68,931,000 after purchasing an additional 21,451 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Royal Gold by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 733,778 shares of the basic materials company’s stock worth $68,118,000 after purchasing an additional 11,711 shares during the last quarter. St. James Investment Company LLC increased its stake in shares of Royal Gold by 22.4% during the 3rd quarter. St. James Investment Company LLC now owns 703,854 shares of the basic materials company’s stock worth $54,239,000 after purchasing an additional 128,800 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Royal Gold by 36.4% during the 2nd quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock worth $49,880,000 after purchasing an additional 143,400 shares during the last quarter. Hedge funds and other institutional investors own 75.15% of the company’s stock.

Shares of RGLD opened at $76.63 on Thursday. Royal Gold, Inc has a 52 week low of $71.91 and a 52 week high of $98.53. The stock has a market capitalization of $5.08 billion, a P/E ratio of 44.02, a P/E/G ratio of 4.60 and a beta of 0.43. The company has a current ratio of 2.45, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.14). Royal Gold had a negative net margin of 24.65% and a positive return on equity of 5.17%. The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $98.88 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. Equities analysts expect that Royal Gold, Inc will post 1.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, October 4th. Royal Gold’s dividend payout ratio is currently 56.82%.

A number of research analysts recently commented on RGLD shares. Barclays started coverage on shares of Royal Gold in a research note on Wednesday, October 10th. They issued an “equal weight” rating and a $78.00 price target on the stock. Canaccord Genuity set a $102.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research note on Tuesday, July 24th. ValuEngine lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Finally, National Bank Financial decreased their price target on shares of Royal Gold from $102.50 to $97.50 and set a “sector perform” rating on the stock in a research note on Saturday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $97.86.

In other Royal Gold news, Director Jamie C. Sokalsky acquired 2,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was purchased at an average price of $77.18 per share, with a total value of $154,360.00. Following the acquisition, the director now directly owns 10,185 shares of the company’s stock, valued at approximately $786,078.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sybil E. Veenman acquired 500 shares of the business’s stock in a transaction on Wednesday, September 26th. The stock was acquired at an average cost of $78.11 per share, with a total value of $39,055.00. Following the acquisition, the director now directly owns 2,515 shares in the company, valued at $196,446.65. The disclosure for this purchase can be found here. Insiders acquired a total of 4,500 shares of company stock valued at $347,915 in the last three months. Insiders own 0.95% of the company’s stock.

Royal Gold Profile

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.

Read More: Return on Equity (ROE)

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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