SG Americas Securities LLC Sells 13,691 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

SG Americas Securities LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 72.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,176 shares of the basic materials company’s stock after selling 13,691 shares during the period. SG Americas Securities LLC’s holdings in Royal Gold were worth $626,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in Royal Gold in the second quarter worth about $31,000. Artemis Wealth Advisors LLC bought a new stake in Royal Gold during the third quarter worth about $36,000. BKM Wealth Management LLC bought a new stake in Royal Gold during the fourth quarter worth about $36,000. 1832 Asset Management L.P. bought a new stake in Royal Gold during the first quarter worth about $51,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Royal Gold during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In other Royal Gold news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total value of $52,090.00. Following the completion of the sale, the vice president now owns 9,473 shares in the company, valued at approximately $986,897.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Royal Gold Stock Up 0.0 %

Shares of RGLD stock opened at $122.75 on Thursday. The firm’s fifty day moving average price is $111.70 and its two-hundred day moving average price is $113.26. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.82. The firm has a market capitalization of $8.06 billion, a P/E ratio of 33.72, a PEG ratio of 2.49 and a beta of 0.87. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts predict that Royal Gold, Inc. will post 4.17 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s payout ratio is 43.96%.

Wall Street Analyst Weigh In

RGLD has been the topic of several research analyst reports. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Finally, Jefferies Financial Group began coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.67.

View Our Latest Research Report on Royal Gold

About Royal Gold

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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