Sigma Planning Corp bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,614 shares of the basic materials company’s stock, valued at approximately $283,000.

Several other large investors also recently modified their holdings of the stock. Meadow Creek Investment Management LLC increased its position in Royal Gold by 6.2% in the first quarter. Meadow Creek Investment Management LLC now owns 1,648 shares of the basic materials company’s stock worth $115,000 after buying an additional 96 shares in the last quarter. Neuburgh Advisers LLC increased its position in Royal Gold by 6.2% in the first quarter. Neuburgh Advisers LLC now owns 2,266 shares of the basic materials company’s stock worth $159,000 after buying an additional 132 shares in the last quarter. Hexavest Inc. acquired a new position in Royal Gold during the first quarter worth $166,000. US Bancorp DE increased its position in Royal Gold by 6.4% in the second quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock worth $166,000 after buying an additional 127 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Royal Gold by 1.7% in the second quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock worth $183,000 after buying an additional 39 shares in the last quarter. 70.89% of the stock is owned by institutional investors.

Royal Gold, Inc. (RGLD) opened at 87.01 on Friday. Royal Gold, Inc. has a one year low of $60.21 and a one year high of $88.03. The company has a market cap of $5.69 billion, a P/E ratio of 56.14 and a beta of 0.68. The company has a 50-day moving average of $83.12 and a 200 day moving average of $74.86.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.72 million. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts predict that Royal Gold, Inc. will post $1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, July 5th. Royal Gold’s dividend payout ratio (DPR) is currently 61.54%.

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A number of research firms have recently weighed in on RGLD. FBR & Co raised their price target on shares of Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $105.00 price target (up previously from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. National Bank Financial raised their price target on shares of Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Royal Gold from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.95.

In other Royal Gold news, CFO Stefan Wenger sold 2,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $80.06, for a total transaction of $160,120.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total transaction of $2,125,000.00. The disclosure for this sale can be found here. Insiders have sold 30,129 shares of company stock worth $2,536,660 over the last ninety days. Insiders own 1.37% of the company’s stock.

Royal Gold Company 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.

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

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