Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,741 shares of the basic materials company’s stock after selling 76,031 shares during the period. Millennium Management LLC owned 0.23% of Royal Gold worth $19,612,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Royal Gold during the fourth quarter worth approximately $42,000. Jones Financial Companies Lllp increased its position in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock worth $49,000 after buying an additional 293 shares during the period. IFP Advisors Inc increased its position in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after buying an additional 158 shares during the period. Finally, Human Investing LLC acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD stock opened at $179.70 on Thursday. The business’s fifty day moving average price is $171.15 and its 200 day moving average price is $153.01. Royal Gold, Inc. has a 1-year low of $119.72 and a 1-year high of $191.78. The firm has a market capitalization of $11.83 billion, a PE ratio of 35.65, a P/E/G ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. Royal Gold’s quarterly revenue was up 29.9% on a year-over-year basis. Equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.00%. Royal Gold’s dividend payout ratio is presently 29.80%.

Analyst Ratings Changes

A number of research firms have recently issued reports on RGLD. Scotiabank raised Royal Gold from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $166.00 to $189.00 in a report on Monday, April 14th. Royal Bank of Canada dropped their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. BMO Capital Markets began coverage on Royal Gold in a report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 target price on the stock. CIBC boosted their target price on Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, Raymond James boosted their target price on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.