Guggenheim Capital LLC reduced its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 44.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,548 shares of the basic materials company’s stock after selling 108,250 shares during the period. Guggenheim Capital LLC’s holdings in Royal Gold were worth $10,966,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of RGLD. Keeler Thomas Management LLC bought a new position in Royal Gold in the 4th quarter worth about $118,000. Exane Derivatives grew its stake in Royal Gold by 4,900.0% in the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 1,470 shares in the last quarter. Quantbot Technologies LP bought a new position in Royal Gold in the 3rd quarter worth about $174,000. Squar Milner Financial Services LLC bought a new position in Royal Gold in the 4th quarter worth about $212,000. Finally, First Allied Advisory Services Inc. bought a new position in Royal Gold in the 4th quarter worth about $245,000. Institutional investors and hedge funds own 77.65% of the company’s stock.
In other news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $88.50, for a total value of $132,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.12% of the stock is currently owned by corporate insiders.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The business had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $114.79 million. During the same period in the previous year, the company posted $0.36 EPS. Royal Gold’s revenue for the quarter was up 6.9% on a year-over-year basis. research analysts expect that Royal Gold, Inc will post 1.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 6th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. Royal Gold’s payout ratio is presently 113.64%.
A number of brokerages have commented on RGLD. BidaskClub upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America dropped their target price on shares of Royal Gold from $109.00 to $99.00 and set a “hold” rating on the stock in a research note on Thursday, December 28th. Canaccord Genuity downgraded shares of Royal Gold from a “buy” rating to a “hold” rating and dropped their target price for the stock from $109.00 to $99.00 in a research note on Thursday, December 28th. Scotiabank set a $90.00 target price on shares of Royal Gold and gave the stock a “hold” rating in a research note on Monday, January 15th. Finally, Zacks Investment Research downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.38.
Royal Gold Company Profile
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.
Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL).
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.