According to the most recent SEC filing that the company has made, during the third quarter of 2018, Avantax Advisory Services Inc.
Increased the percentage of Royal Gold, Inc. (NASDAQ: RGLD) (TSE: RGL) shares that it owned by 30.1%. The company finished the period with 3,694 shares of the basic materials company’s stock. This was accomplished by purchasing an additional 854 shares of the company’s stock throughout the quarter. The value of Avantax Advisory Services Inc.’s holdings in Royal Gold was $347,000 as of the end of the most recent fiscal quarter.
Over the past few years, several other notable investors have cut back on the amount of stock they own in the company. The Healthcare of Ontario Pension Plan Trust Fund made a new investment in Royal Gold during the second quarter, which resulted in a transaction with a total value of approximately $3,771,000. This investment was made possible due to the fund’s acquisition of a new position in Royal Gold. The Illinois Municipal Retirement Fund added approximately $418,000 more to its holdings of Royal Gold during the second quarter of the year.
During the second quarter, Quantamental Technologies LLC purchased a new position in Royal Gold with an approximate value of 485 thousand dollars.
During the third quarter, Aubrey Capital Management Ltd.
Increased the proportion of Royal Gold that it held by 93.3% from the previous quarter’s level.
Aubrey Capital Management Ltd. now owns 8,700 shares of the basic materials company’s stock, valued at $809,000. These shares were acquired over the past three months by purchasing an additional 4,200 shares of the company’s stock.
Privium Fund Management B.V.
Bought a new position in Royal Gold shares during the year’s second quarter.
At the time of the transaction, the shares had an approximate value of $204,000. Seventy-eight point one, three percent of the total number of shares issued by the company are held by institutional investors and hedge funds.
In other news about the company, Chief Financial Officer Paul Libner sold 250 shares of the company’s stock on January 3. The stock was bought and sold for a total value of $28,750.00, with the average price per share being $115.00. This resulted in the accumulation of cash. The chief financial officer is the owner of 14,265 shares of the company’s stock, and the current value of those shares, based on the stock’s position in the market, is $1,640,475.
If you follow the link, which takes you to a document submitted to the SEC, you can acquire additional information regarding the transaction. Corporate insiders collectively own 0.38% of the total number of shares in the company.
When trading started on Thursday, the price of one share of Royal Gold was $131.43 per share. The company’s simple moving average price over the past 50 days is $115.16, and the company’s simple moving average price over the last 200 days is $103.75. Royal Gold, Inc. hit an all-time low of $84.54 during the prior year, while the company reached an all-time high of $147.70 during the same period. The debt-to-equity ratio comes in at 0.16, the current ratio comes in at 2.82, the quick ratio comes in at 2.61, and the current ratio comes in at 2.82. The company’s stock has a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 3.41, and a beta value of 0.62. These ratios measure how expensive the stock is to its earnings. The company’s total value, as represented by its market capitalization, is $8.63 billion.
In a report made available to the general public on November 2, Royal Gold (NASDAQ: RGLD) (TSE: RGLD) disclosed its most recent financial results. The earnings per share for the company that deals in basic materials came in at $0.71, which is $0.01 less than the $0.72 expected on average. The company’s revenue was also $0.01 less than what was anticipated. The business posted the amount of $131.43 million in total revenue for the period above. Royal Gold had a return on equity of 8.84% and a net margin of 41.19% for the company overall. The analysts who follow the stock market anticipate that Royal Gold, Inc. will generate $3.29 per share earnings this year.
Additionally, the company just recently declared and distributed a quarterly dividend, which took place on Friday, January 20. The dividend was paid out. On Friday, January 6, dividends for $0.375 per share were distributed to shareholders whose information was currently on record. There was a distribution of these items. We can say that there is an increase in that dividend because the previous quarterly payment for Royal Gold was $0.35.
As a result, the dividend has increased. This dividend’s ex-dividend date, which occurred on January 5 of this year, is referred to as the ex-div date. The investor will receive a dividend payment of $1.50 per year and a yield of 1.14% due to this investment.
At this very moment, the dividend payout ratio for the company is operating at a level of 39.27%.
A variety of research analysts from various companies provided recent commentary on the RGLD stock.
In a research note published on December 12, Credit Suisse Group announced that they would be covering Royal Gold shares. This announcement was made in the note. They gave the company a ” neutral rating,” and they decided that the price objective should be $120.00.
A report published on December 1 stated that the recommendation of “sell” that StockNews.com had previously given for Royal Gold had been replaced with a recommendation of “hold.” BMO Capital Markets upgraded Royal Gold from a rating of “market perform” to a rating of “outperform” and increased their price target on the stock from $134.00 to $135.00 in a research note published on Wednesday, January 11. The price objective that National Bankshares has placed on Royal Gold shares has increased from $120.00 to $150.00 due to a research report released on Friday, January 13. The investment firm regarded the company as a “sector performer,” which was another accolade bestowed upon it.
In a report on Friday, January 6, Raymond James increased their price objective on Royal Gold shares from $138.00 to $140.00.
Despite this change, Raymond James has not altered its rating of the company from “outperform” to “neutral.” The company has been assigned a rating of “Hold” by five stock analysts, while a rating of “buy” has been assigned by the remaining five stock analysts.
According to Bloomberg, the current average rating for the company is “Moderate Buy,” and the price objective for each share is set at $138.09 currently.
Leave a comment