Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 34.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,291 shares of the basic materials company’s stock after selling 670 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Royal Gold were worth $157,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RGLD. Norges Bank purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $33,696,000. International Assets Investment Management LLC increased its position in shares of Royal Gold by 12,032.4% in the fourth quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock worth $22,219,000 after acquiring an additional 182,171 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Royal Gold in the first quarter worth approximately $20,675,000. Barlow Wealth Partners Inc. purchased a new position in shares of Royal Gold in the fourth quarter worth approximately $12,733,000. Finally, Kopernik Global Investors LLC increased its position in shares of Royal Gold by 12.3% in the fourth quarter. Kopernik Global Investors LLC now owns 671,723 shares of the basic materials company’s stock worth $81,252,000 after acquiring an additional 73,642 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $129.43 on Thursday. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $8.51 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 1.04 and a beta of 0.87. The company has a 50 day moving average price of $125.96 and a two-hundred day moving average price of $119.43. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $134.56.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business 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%. Royal Gold’s revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, equities analysts predict that Royal Gold, Inc. will post 4.56 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on RGLD shares. Bank of America lifted their target price on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. BMO Capital Markets lifted their target price on shares of Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Scotiabank boosted their price objective on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $142.25.

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.