Federated Hermes Inc. Trims Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Federated Hermes Inc. trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 22.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,588 shares of the basic materials company’s stock after selling 2,540 shares during the quarter. Federated Hermes Inc.’s holdings in Royal Gold were worth $1,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RGLD. Fidelis Capital Partners LLC purchased a new position in Royal Gold during the 1st quarter valued at about $36,000. Janiczek Wealth Management LLC increased its holdings in Royal Gold by 321.8% during the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock valued at $52,000 after buying an additional 325 shares during the period. Fortis Group Advisors LLC increased its holdings in Royal Gold by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after buying an additional 223 shares during the period. Quadrant Capital Group LLC raised its stake in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after buying an additional 116 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Royal Gold during the second quarter worth $62,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $143.61 on Friday. The stock has a 50-day moving average of $137.08 and a two-hundred day moving average of $128.05. The stock has a market cap of $9.44 billion, a P/E ratio of 42.36, a P/E/G ratio of 1.13 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $145.59.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The firm had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Royal Gold’s revenue for the quarter was up 20.9% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post 4.7 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, October 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock worth $1,170,315 over the last three months. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RGLD. BMO Capital Markets boosted their price target on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Bank of America boosted their target price on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th. Raymond James raised their price target on shares of Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a report on Friday, August 9th. Scotiabank boosted their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Finally, Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.00.

Royal Gold 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.