Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,300 shares of the basic materials company’s stock after selling 400 shares during the period. Kovack Advisors Inc.’s holdings in Royal Gold were worth $889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its holdings in shares of Royal Gold by 19.4% during the 4th quarter. River Road Asset Management LLC now owns 52,578 shares of the basic materials company’s stock worth $6,360,000 after acquiring an additional 8,550 shares during the period. Victory Capital Management Inc. increased its position in Royal Gold by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock worth $23,408,000 after purchasing an additional 35,458 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Royal Gold during the fourth quarter worth approximately $1,239,000. Louisiana State Employees Retirement System acquired a new position in shares of Royal Gold in the 4th quarter valued at $2,238,000. Finally, BNP Paribas Asset Management Holding S.A. grew its stake in shares of Royal Gold by 282.5% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 22,865 shares of the basic materials company’s stock valued at $2,766,000 after buying an additional 16,887 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $129.43 on Friday. 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, Inc. has a 1-year low of $100.55 and a 1-year high of $134.56. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 1.07 and a beta of 0.87. The business has a 50-day moving average of $126.06 and a 200-day moving average of $119.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly 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). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The company had revenue of $148.90 million for the quarter, compared to analyst estimates of $147.02 million. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue was down 12.6% on a year-over-year basis. On average, equities analysts anticipate that Royal Gold, Inc. will post 4.56 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several research reports. BMO Capital Markets increased their target price on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Bank of America raised their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th. Finally, Scotiabank lifted their price objective on Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.