ProShare Advisors LLC Has $32.44 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

ProShare Advisors LLC lowered its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,219 shares of the basic materials company’s stock after selling 1,184 shares during the period. ProShare Advisors LLC owned about 0.39% of Royal Gold worth $32,444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RGLD. Fidelis Capital Partners LLC acquired a new stake in shares of Royal Gold in the 1st quarter valued at $36,000. Janiczek Wealth Management LLC boosted its stake in shares of Royal Gold by 321.8% in the 1st 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 in the last quarter. Fortis Group Advisors LLC boosted its stake in shares of Royal Gold by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 223 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Royal Gold by 31.3% in the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 116 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent analyst reports. Raymond James boosted their target price on shares of Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. CIBC boosted their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. BMO Capital Markets lifted their price target on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, Cibc World Mkts raised Royal Gold to a “hold” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold has a consensus rating of “Hold” and an average price target of $157.00.

Insiders Place Their Bets

In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The disclosure for this sale can be found here. In the last three months, insiders sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is currently owned by insiders.

Royal Gold Trading Up 2.3 %

Shares of NASDAQ:RGLD opened at $143.61 on Monday. The stock has a market capitalization 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 1-year low of $100.55 and a 1-year high of $145.59. The business has a 50-day moving average price of $137.08 and a two-hundred day moving average price of $128.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. As a group, equities analysts predict that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Dividend Announcement

The company 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 is Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.11%. Royal Gold’s dividend payout ratio is currently 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.