Royal Gold, Inc. (NASDAQ:RGLD) Stock Holdings Trimmed by Gabelli Funds LLC

Gabelli Funds LLC lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,200 shares of the basic materials company’s stock after selling 3,000 shares during the period. Gabelli Funds LLC owned about 0.47% of Royal Gold worth $38,324,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RGLD. Capital World Investors lifted its stake in Royal Gold by 0.6% during the fourth 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% in the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after buying an additional 21,407 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock valued at $559,807,000 after buying an additional 292,357 shares during the period. First Eagle Investment Management LLC grew its position in shares of Royal Gold by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock valued at $448,694,000 after buying an additional 20,508 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock valued at $104,507,000 after buying an additional 212,316 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the transaction, the director now owns 9,109 shares of the company’s stock, valued at $1,203,845.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on RGLD. Raymond James lifted their target price on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. Bank of America upped their target price on Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a report on Wednesday, June 26th. Jefferies Financial Group upped their target price on Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday, July 12th. CIBC upped their target price on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, BMO Capital Markets upped their target price on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $157.00.

Royal Gold Stock Up 2.3 %

Shares of NASDAQ RGLD opened at $143.61 on Friday. 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. The firm’s 50-day simple moving average is $137.08 and its 200 day simple moving average is $128.05. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $145.59.

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

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is 47.20%.

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.