IndexIQ Advisors LLC Decreases Holdings in Royal Gold, Inc. (RGLD)
IndexIQ Advisors LLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 86.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,772 shares of the basic materials company’s stock after selling 17,243 shares during the period. IndexIQ Advisors LLC’s holdings in Royal Gold were worth $239,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. QS Investors LLC increased its stake in shares of Royal Gold by 0.4% in the 2nd quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 13 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Royal Gold by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock worth $183,000 after purchasing an additional 39 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Royal Gold by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,216 shares of the basic materials company’s stock worth $408,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Royal Gold by 0.8% in the 2nd quarter. Utah Retirement Systems now owns 11,946 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 100 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Royal Gold by 6.4% in the 2nd quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.
Royal Gold, Inc. (RGLD) opened at $85.96 on Wednesday. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $94.39. The company has a market cap of $5,654.60, a PE ratio of 58.77, a price-to-earnings-growth ratio of 4.91 and a beta of 0.49. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business had revenue of $112.50 million during the quarter, compared to the consensus estimate of $112.43 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue was down 4.7% on a year-over-year basis. equities research analysts forecast that Royal Gold, Inc. will post 1.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.
Several equities research analysts have recently commented on RGLD shares. lowered Royal Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. upgraded Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. upped their price objective on Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. reaffirmed a “buy” rating and issued a $105.00 target price (up previously from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. Finally, FBR & Co upped their target price on shares of Royal Gold from $81.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, August 16th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $95.61.
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In other Royal Gold news, CFO Stefan Wenger sold 2,086 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $87.49, for a total transaction of $182,504.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bruce Christopher Kirchhoff sold 28,805 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $86.28, for a total transaction of $2,485,295.40. The disclosure for this sale can be found here. Insiders have sold a total of 67,343 shares of company stock valued at $5,942,784 in the last three months. Insiders own 1.12% of the company’s stock.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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