Integrated Advisors Network LLC Has $298,000 Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Integrated Advisors Network LLC decreased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 53.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,467 shares of the basic materials company’s stock after selling 2,855 shares during the quarter. Integrated Advisors Network LLC’s holdings in Royal Gold were worth $298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in shares of Royal Gold in the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Royal Gold by 526.3% in the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $31,000. BKM Wealth Management LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $36,000. Finally, Lindbrook Capital LLC increased its position in shares of Royal Gold by 414.9% in the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 307 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Up 0.5 %

Shares of NASDAQ:RGLD opened at $121.98 on Wednesday. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $134.56. The stock has a market cap of $8.02 billion, a PE ratio of 35.98, a P/E/G ratio of 1.02 and a beta of 0.91. The business has a 50 day moving average of $125.15 and a 200-day moving average of $118.96. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm 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 firm earned $0.96 EPS. The company’s revenue was down 12.6% on a year-over-year basis. As a group, equities research analysts forecast that Royal Gold, Inc. will post 4.52 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, July 5th. Royal Gold’s dividend payout ratio is presently 47.20%.

Analyst Ratings Changes

A number of analysts recently issued reports on RGLD shares. Jefferies Financial Group started coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price on the stock. BMO Capital Markets lifted their price target on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Finally, Scotiabank lifted their price target on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.86.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the sale, the senior vice president now owns 14,840 shares in the company, valued at $1,940,033.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

About Royal Gold

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.