Inspire Investing LLC Cuts Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Inspire Investing LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,811 shares of the basic materials company’s stock after selling 127 shares during the period. Inspire Investing LLC’s holdings in Royal Gold were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new stake in Royal Gold during the first quarter valued at about $36,000. Janiczek Wealth Management LLC boosted its holdings in shares of Royal Gold by 321.8% during the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the period. Fortis Group Advisors LLC boosted its holdings in shares of Royal Gold by 100.0% during the fourth 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 period. Quadrant Capital Group LLC boosted its holdings in shares of Royal Gold by 31.3% during the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 116 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Royal Gold during the second quarter worth about $62,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ronald J. Vance sold 1,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the sale, the director now owns 9,109 shares in the company, valued at $1,203,845.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 8,355 shares of company stock valued at $1,170,315. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $143.61 on Monday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $145.59. The company has a 50 day simple moving average of $137.08 and a two-hundred day simple moving average of $128.17. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. During the same quarter last year, the firm earned $0.88 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts forecast that Royal Gold, Inc. will post 4.7 earnings per share 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. Shareholders of record on Friday, October 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s dividend payout ratio is 47.20%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a report on Wednesday, July 10th. Raymond James increased their target price on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a report on Friday, August 9th. CIBC increased their target price on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Jefferies Financial Group increased their target price on shares of Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, Scotiabank increased their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.00.

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.