Mutual of America Capital Management LLC Sells 2,327 Shares of Royal Gold, Inc. $RGLD

Mutual of America Capital Management LLC reduced its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,403 shares of the basic materials company’s stock after selling 2,327 shares during the period. Mutual of America Capital Management LLC’s holdings in Royal Gold were worth $6,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Royal Gold by 18.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 963 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 151 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Royal Gold by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 22,243 shares of the basic materials company’s stock valued at $3,956,000 after purchasing an additional 134 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Royal Gold by 7.5% in the second quarter. Signaturefd LLC now owns 1,061 shares of the basic materials company’s stock worth $189,000 after buying an additional 74 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RGLD has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. CIBC raised their price objective on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Finally, Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $243.50.

Royal Gold Trading Up 2.5%

Royal Gold stock opened at $301.21 on Thursday. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. The business’s fifty day simple moving average is $231.46 and its two-hundred day simple moving average is $197.55. Royal Gold, Inc. has a 12 month low of $136.00 and a 12 month high of $302.53. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.24). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The firm had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. During the same period last year, the business earned $1.47 EPS. Royal Gold’s revenue was up 30.1% on a year-over-year basis. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.475 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.6%. Royal Gold’s dividend payout ratio (DPR) is currently 26.10%.

About Royal Gold

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.