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

Venturi Wealth Management LLC lessened its position in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,196 shares of the basic materials company’s stock after selling 282 shares during the quarter. Venturi Wealth Management LLC’s holdings in Royal Gold were worth $387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Royal Gold in the second quarter valued at about $31,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the third quarter valued at about $36,000. BKM Wealth Management LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $36,000. 1832 Asset Management L.P. purchased a new position in shares of Royal Gold in the first quarter worth about $51,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of Royal Gold in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $121.90 on Thursday. The company’s 50 day simple moving average is $111.70 and its 200-day simple moving average is $113.26. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Royal Gold, Inc. will post 4.17 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 43.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RGLD shares. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $148.00 to $158.00 in a research note on Wednesday, March 27th. Finally, Jefferies Financial Group started coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. One 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. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average price target of $145.67.

View Our Latest Report on RGLD

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Royal Gold Company Profile

(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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