Strs Ohio lifted its position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 124.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,727 shares of the basic materials company’s stock after buying an additional 4,284 shares during the period. Strs Ohio’s holdings in Royal Gold were worth $944,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in shares of Royal Gold by 20,000.0% during the 4th quarter. Huntington National Bank now owns 201 shares of the basic materials company’s stock worth $25,000 after buying an additional 200 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Royal Gold by 108.5% during the 3rd quarter. Liberty Wealth Management LLC now owns 221 shares of the basic materials company’s stock worth $27,000 after buying an additional 115 shares during the last quarter. Truvestments Capital LLC increased its holdings in shares of Royal Gold by 100.0% during the 3rd quarter. Truvestments Capital LLC now owns 240 shares of the basic materials company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Royal Gold by 66.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Royal Gold by 148.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 502 shares of the basic materials company’s stock worth $61,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 79.42% of the company’s stock.
Shares of Royal Gold stock opened at $114.26 on Monday. The business has a 50-day moving average of $116.14 and a 200-day moving average of $120.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.07 and a quick ratio of 4.74. The company has a market capitalization of $7.56 billion, a PE ratio of 50.34, a P/E/G ratio of 4.28 and a beta of 0.07. Royal Gold, Inc has a 1-year low of $80.65 and a 1-year high of $138.78.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $118.77 million during the quarter, compared to the consensus estimate of $129.47 million. Royal Gold had a return on equity of 5.51% and a net margin of 33.78%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. On average, equities analysts expect that Royal Gold, Inc will post 2.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.28 per share. This is a boost from Royal Gold’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Royal Gold’s dividend payout ratio (DPR) is presently 77.24%.
RGLD has been the subject of several recent research reports. Royal Bank of Canada initiated coverage on Royal Gold in a report on Wednesday, December 4th. They issued a “sell” rating and a $115.00 price target for the company. National Bank Financial increased their price target on Royal Gold from $130.00 to $140.00 and gave the company a “sector perform” rating in a report on Friday, January 10th. ValuEngine downgraded Royal Gold from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. B. Riley downgraded Royal Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $127.10 to $122.00 in a report on Thursday, October 31st. Finally, Barclays reiterated a “sell” rating and issued a $107.00 price target on shares of Royal Gold in a report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Royal Gold currently has a consensus rating of “Hold” and an average price target of $118.75.
Royal Gold Company Profile
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
