Commonwealth Equity Services LLC Has $610,000 Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Commonwealth Equity Services LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,414 shares of the basic materials company’s stock after purchasing an additional 169 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Royal Gold were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Quent Capital LLC increased its position in shares of Royal Gold by 39.6% during the 4th quarter. Quent Capital LLC now owns 314 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 89 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Royal Gold by 2.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock valued at $572,000 after acquiring an additional 96 shares in the last quarter. Pring Turner Capital Group Inc. increased its position in Royal Gold by 0.5% in the 3rd quarter. Pring Turner Capital Group Inc. now owns 18,477 shares of the basic materials company’s stock valued at $1,734,000 after acquiring an additional 99 shares in the last quarter. Blair William & Co. IL increased its position in Royal Gold by 0.4% in the 3rd quarter. Blair William & Co. IL now owns 28,100 shares of the basic materials company’s stock valued at $2,636,000 after acquiring an additional 100 shares in the last quarter. Finally, Utah Retirement Systems increased its position in Royal Gold by 0.9% in the 3rd quarter. Utah Retirement Systems now owns 11,696 shares of the basic materials company’s stock valued at $1,097,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RGLD. Cantor Fitzgerald cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. StockNews.com assumed coverage on shares of Royal Gold in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Raymond James reduced their target price on shares of Royal Gold from $153.00 to $148.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. Barclays raised their target price on shares of Royal Gold from $119.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, April 21st. Finally, National Bankshares reduced their target price on shares of Royal Gold from $165.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Friday, May 5th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $141.63.

Insider Activity

In related news, VP Daniel Breeze sold 2,095 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $141.92, for a total value of $297,322.40. Following the sale, the vice president now directly owns 11,786 shares in the company, valued at $1,672,669.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Royal Gold news, COO Mark Isto sold 9,660 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $141.89, for a total transaction of $1,370,657.40. Following the transaction, the chief operating officer now directly owns 30,437 shares in the company, valued at approximately $4,318,705.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel Breeze sold 2,095 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $141.92, for a total value of $297,322.40. Following the transaction, the vice president now owns 11,786 shares in the company, valued at $1,672,669.12. The disclosure for this sale can be found here. Insiders sold 13,895 shares of company stock valued at $1,972,930 over the last quarter. 0.40% of the stock is owned by company insiders.

Royal Gold Stock Down 1.0 %

Shares of NASDAQ RGLD opened at $123.83 on Friday. The company has a current ratio of 3.44, a quick ratio of 3.23 and a debt-to-equity ratio of 0.18. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 3.35 and a beta of 0.65. Royal Gold, Inc. has a 12 month low of $84.54 and a 12 month high of $147.82. The stock has a 50-day moving average price of $133.31 and a two-hundred day moving average price of $122.44.

Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. Royal Gold had a return on equity of 8.18% and a net margin of 38.80%. The company had revenue of $170.40 million during the quarter, compared to the consensus estimate of $162.77 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Royal Gold, Inc. will post 3.79 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, April 5th. Royal Gold’s dividend payout ratio is currently 41.55%.

Royal Gold Profile

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Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.