Manatuck Hill Partners LLC Acquires Shares of 5,225 Royal Gold, Inc. $RGLD

Manatuck Hill Partners LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,225 shares of the basic materials company’s stock, valued at approximately $1,043,000.

A number of other hedge funds also recently made changes to their positions in RGLD. Bank of Nova Scotia raised its stake in Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 43 shares during the period. Apollon Wealth Management LLC boosted its position in Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares during the period. Hilltop Holdings Inc. boosted its position in Royal Gold by 0.6% during the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after purchasing an additional 46 shares during the period. Compound Planning Inc. increased its holdings in shares of Royal Gold by 3.3% in the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 47 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after purchasing an additional 48 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.5%

RGLD stock opened at $267.76 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The company’s 50-day simple moving average is $212.06 and its 200 day simple moving average is $236.44. Royal Gold, Inc. has a 52 week low of $168.88 and a 52 week high of $306.25. The company has a market capitalization of $22.69 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. The business had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.81 EPS. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s payout ratio is presently 20.74%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada decreased their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $285.10.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Company 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.