American International Group Inc. Sells 3,814 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

American International Group Inc. lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,734 shares of the basic materials company’s stock after selling 3,814 shares during the period. American International Group Inc. owned about 0.14% of Royal Gold worth $10,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in Royal Gold by 1.0% in the third quarter. Swiss National Bank now owns 144,400 shares of the basic materials company’s stock valued at $15,354,000 after purchasing an additional 1,500 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Royal Gold by 8.6% during the third quarter. Atria Wealth Solutions Inc. now owns 6,700 shares of the basic materials company’s stock worth $712,000 after buying an additional 528 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Royal Gold by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 450,135 shares of the basic materials company’s stock worth $47,863,000 after acquiring an additional 3,067 shares in the last quarter. Pathstone Family Office LLC lifted its stake in Royal Gold by 151.7% in the third quarter. Pathstone Family Office LLC now owns 8,227 shares of the basic materials company’s stock valued at $875,000 after acquiring an additional 4,959 shares during the last quarter. Finally, UBS Group AG lifted its stake in Royal Gold by 2.3% in the 3rd quarter. UBS Group AG now owns 63,193 shares of the basic materials company’s stock valued at $6,719,000 after purchasing an additional 1,427 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. BMO Capital Markets upped their price target on shares of Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Jefferies Financial Group initiated coverage on shares of Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective for the company. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.86.

View Our Latest Report on Royal Gold

Royal Gold Stock Down 5.4 %

NASDAQ RGLD opened at $123.70 on Friday. The business has a fifty day moving average price of $125.33 and a two-hundred day moving average price of $118.83. The stock has a market capitalization of $8.13 billion, a PE ratio of 36.49, a PEG ratio of 1.10 and a beta of 0.91. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $134.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. Royal Gold’s quarterly revenue was down 12.6% compared to the same quarter last year. Equities analysts expect that Royal Gold, Inc. will post 4.5 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. Royal Gold’s payout ratio is currently 47.20%.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the sale, the senior vice president now owns 14,840 shares of the company’s stock, valued at $1,940,033.20. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Royal Gold Profile

(Free Report)

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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