Royal Gold, Inc. (RGLD) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,471 shares of the basic materials company’s stock after selling 253 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $349,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Royal Gold by 702.0% in the 2nd quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after buying an additional 176,787 shares during the last quarter. Comerica Bank boosted its stake in shares of Royal Gold by 3.0% in the 1st quarter. Comerica Bank now owns 66,791 shares of the basic materials company’s stock worth $4,636,000 after buying an additional 1,936 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Royal Gold by 15.8% in the 1st quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Royal Gold by 49.0% in the 2nd quarter. American Century Companies Inc. now owns 142,521 shares of the basic materials company’s stock worth $11,141,000 after buying an additional 46,900 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Royal Gold in the 2nd quarter worth approximately $104,000. Hedge funds and other institutional investors own 70.43% of the company’s stock.
A number of equities analysts have recently weighed in on RGLD shares. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research note on Friday, May 26th. Royal Bank Of Canada restated a “buy” rating and issued a $83.00 target price on shares of Royal Gold in a research note on Monday, June 5th. Barclays PLC restated an “overweight” rating and issued a $84.00 target price (up previously from $83.00) on shares of Royal Gold in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $91.95.
In related news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $77.05, for a total value of $115,575.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tony A. Jensen sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sold 106,845 shares of company stock worth $9,306,508 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.
Royal Gold, Inc. (NASDAQ RGLD) opened at 90.49 on Thursday. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $94.39. The stock has a market cap of $5.91 billion, a P/E ratio of 58.38 and a beta of 0.63. The company has a 50-day moving average price of $88.36 and a 200 day moving average price of $77.40.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its 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 company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.72 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts expect that Royal Gold, Inc. will post $1.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, October 5th. Royal Gold’s dividend payout ratio is currently 61.54%.
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About Royal Gold
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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