Atria Wealth Solutions Inc. Reduces Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Atria Wealth Solutions Inc. decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,983 shares of the basic materials company’s stock after selling 809 shares during the period. Atria Wealth Solutions Inc.’s holdings in Royal Gold were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RGLD. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold in the fourth quarter worth $25,000. Point72 Hong Kong Ltd acquired a new stake in Royal Gold in the 3rd quarter valued at $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold in the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its stake in Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Royal Gold by 51.7% during the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 0.2 %

Shares of RGLD stock opened at $150.86 on Wednesday. The firm has a fifty day moving average of $139.77 and a 200-day moving average of $142.15. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.64. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and boosted their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, Raymond James lifted their price target on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has an average rating of “Hold” and an average price target of $168.86.

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.