St. Johns Investment Management Company LLC lowered its position in Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 375 shares of the basic materials company’s stock after selling 375 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Royal Gold were worth $39,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RGLD. Eagle Bay Advisors LLC boosted its stake in shares of Royal Gold by 69.7% during the 3rd quarter. Eagle Bay Advisors LLC now owns 302 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 124 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Royal Gold during the 3rd quarter worth about $48,000. Moors & Cabot Inc. bought a new stake in Royal Gold during the 3rd quarter valued at approximately $65,000. Stonebridge Capital Advisors LLC boosted its stake in Royal Gold by 16.7% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 700 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 100 shares during the period. Finally, CWM LLC bought a new stake in Royal Gold during the 4th quarter valued at approximately $73,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.
Several analysts recently weighed in on the company. TD Securities increased their target price on Royal Gold from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 18th. StockNews.com assumed coverage on Royal Gold in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays increased their target price on Royal Gold from $122.00 to $128.00 in a research note on Thursday, April 21st. Canaccord Genuity Group downgraded Royal Gold from a “buy” rating to a “hold” rating and increased their target price for the company from $135.00 to $145.00 in a research note on Tuesday, April 5th. Finally, National Bank Financial increased their target price on Royal Gold from C$140.00 to C$165.00 in a research note on Wednesday, April 20th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $138.68.
Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 16th. The basic materials company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.11. The business had revenue of $168.52 million for the quarter, compared to analyst estimates of $160.82 million. Royal Gold had a return on equity of 10.42% and a net margin of 41.93%. Royal Gold’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. As a group, equities analysts expect that Royal Gold, Inc. will post 3.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Friday, April 1st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, March 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. Royal Gold’s dividend payout ratio (DPR) is presently 33.57%.
In related news, CFO Paul Libner sold 1,200 shares of the stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $125.00, for a total transaction of $150,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.
About Royal Gold (Get Rating)
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and cobalt.
- Get a free copy of the StockNews.com research report on Royal Gold (RGLD)
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