GAMMA Investing LLC Has $193,000 Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

GAMMA Investing LLC lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,582 shares of the basic materials company’s stock after selling 178 shares during the period. GAMMA Investing LLC’s holdings in Royal Gold were worth $193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its position in shares of Royal Gold by 0.6% during the 4th quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock worth $988,149,000 after purchasing an additional 47,807 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Royal Gold by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company’s stock worth $803,606,000 after purchasing an additional 22,921 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Royal Gold by 0.5% during the 4th quarter. Van ECK Associates Corp now owns 4,303,377 shares of the basic materials company’s stock worth $520,536,000 after purchasing an additional 22,701 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Royal Gold by 1.0% during the 4th quarter. First Eagle Investment Management LLC now owns 3,667,169 shares of the basic materials company’s stock worth $443,581,000 after purchasing an additional 37,885 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Royal Gold by 0.5% during the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock worth $74,339,000 after purchasing an additional 3,541 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Up 2.2 %

RGLD stock opened at $124.66 on Friday. The business has a fifty day moving average price of $125.17 and a 200 day moving average price of $119.02. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 1.02 and a beta of 0.91. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $134.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). The firm had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.96 earnings per share. Analysts expect that Royal Gold, Inc. will post 4.52 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Royal Gold’s dividend payout ratio is currently 47.20%.

Analyst Ratings Changes

A number of analysts have commented on RGLD shares. BMO Capital Markets raised their price objective on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Scotiabank raised their price objective on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group started coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.86.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.