Amalgamated Bank boosted its stake in Royal Gold Inc. (NASDAQ:RGLD) by 14.7% during the second quarter, Holdings Channel reports. The fund owned 9,002 shares of the company’s stock after buying an additional 1,152 shares during the period. Amalgamated Bank’s holdings in Royal Gold were worth $761,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. CIBC World Markets Inc. boosted its stake in shares of Royal Gold by 872.5% in the second quarter. CIBC World Markets Inc. now owns 68,144 shares of the company’s stock valued at $4,908,000 after buying an additional 61,137 shares during the last quarter. LS Investment Advisors LLC boosted its stake in shares of Royal Gold by 73.2% in the second quarter. LS Investment Advisors LLC now owns 3,948 shares of the company’s stock valued at $284,000 after buying an additional 1,668 shares during the last quarter. IBM Retirement Fund boosted its stake in shares of Royal Gold by 1.5% in the second quarter. IBM Retirement Fund now owns 6,568 shares of the company’s stock valued at $473,000 after buying an additional 96 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Royal Gold during the second quarter valued at approximately $648,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Royal Gold by 17.2% in the second quarter. Nisa Investment Advisors LLC now owns 37,500 shares of the company’s stock valued at $2,701,000 after buying an additional 5,500 shares during the last quarter. 68.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Royal Gold Inc. (NASDAQ:RGLD) traded down 9.21% during midday trading on Friday, reaching $65.48. 1,382,121 shares of the company were exchanged. The company’s market capitalization is $4276.89 billion. The stock has a 50-day moving average price of $70.96 and a 200 day moving average price of $71.66. Royal Gold Inc. has a 52-week low of $24.68 and a 52-week high of $87.74.
Royal Gold (NASDAQ:RGLD) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Royal Gold had a negative net margin of 0.57% and a positive return on equity of 3.65%. The business had revenue of $117.90 million for the quarter, compared to analyst estimates of $2.40 million. During the same period in the prior year, the business posted $0.17 earnings per share. Royal Gold’s revenue was up 59.1% compared to the same quarter last year. Equities research analysts expect that Royal Gold Inc. will post $1.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.92 annualized dividend and a yield of 1.41%. Royal Gold’s dividend payout ratio is currently -3,066.67%.
Several equities research analysts recently commented on the company. FBR & Co boosted their target price on Royal Gold from $78.00 to $80.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. Barclays PLC upped their price target on Royal Gold from $62.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Zacks Investment Research cut Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, September 7th. RBC Capital Markets reaffirmed an “outperform” rating on shares of Royal Gold in a report on Tuesday, September 20th. Finally, CIBC raised Royal Gold from a “sector perform” rating to a “sector outperform” rating and set a $90.00 price target on the stock in a report on Friday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Royal Gold has a consensus rating of “Buy” and an average target price of $75.62.
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.