Mutual of America Capital Management LLC Sells 1,505 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Mutual of America Capital Management LLC lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,636 shares of the basic materials company’s stock after selling 1,505 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Royal Gold worth $4,711,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RGLD. Fidelis Capital Partners LLC bought a new position in shares of Royal Gold during the first quarter valued at $36,000. Janiczek Wealth Management LLC increased its holdings in Royal Gold by 321.8% in the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 325 shares during the period. Fortis Group Advisors LLC raised its position in Royal Gold by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 223 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Royal Gold by 31.3% during the 4th 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 during the period. Finally, Mather Group LLC. bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $62,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 4,600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Paul Libner sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the transaction, the chief financial officer now owns 18,657 shares in the company, valued at $2,659,182.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,355 shares of company stock valued at $1,170,315. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $143.61 on Friday. The business has a 50-day simple moving average of $137.08 and a 200 day simple moving average of $128.05. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $145.59. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $172.12 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price objective on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. 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 note on Wednesday, June 26th. Jefferies Financial Group boosted their target price on shares of Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday, July 12th. CIBC lifted their price objective on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets boosted their price objective on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $157.00.

About Royal Gold

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.