Royal Gold, Inc. $RGLD Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,785 shares of the basic materials company’s stock after selling 2,004 shares during the period. TD Asset Management Inc’s holdings in Royal Gold were worth $3,367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Royal Gold during the 2nd quarter valued at about $68,029,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Royal Gold by 1,090.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock worth $56,811,000 after acquiring an additional 292,611 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Royal Gold by 52.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after acquiring an additional 286,268 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Royal Gold in the 2nd quarter valued at approximately $45,184,000. Finally, Invesco Ltd. boosted its stake in Royal Gold by 19.5% in the 2nd quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after purchasing an additional 151,492 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Up 0.1%

Shares of RGLD stock opened at $281.20 on Thursday. Royal Gold, Inc. has a twelve month low of $147.20 and a twelve month high of $306.25. The stock has a market cap of $23.85 billion, a P/E ratio of 41.29, a P/E/G ratio of 1.69 and a beta of 0.48. The stock has a 50 day moving average of $266.98 and a 200 day moving average of $218.49. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company had revenue of $360.85 million during the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 EPS. As a group, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 27.90%.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. Raymond James Financial set a $264.00 price target on shares of Royal Gold in a research note on Thursday, November 6th. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a report on Monday, January 26th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.50.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.