Amalgamated Bank Sells 3,257 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Amalgamated Bank decreased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.9% during the second quarter, HoldingsChannel.com reports. The fund owned 33,222 shares of the basic materials company’s stock after selling 3,257 shares during the quarter. Amalgamated Bank’s holdings in Royal Gold were worth $4,158,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new stake in Royal Gold in the 1st quarter worth approximately $36,000. Janiczek Wealth Management LLC increased its stake in Royal Gold by 321.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 325 shares during the last quarter. Fortis Group Advisors LLC increased its position in shares of Royal Gold by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 223 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Royal Gold by 31.3% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 116 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Royal Gold during the 2nd quarter valued at approximately $62,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RGLD shares. BMO Capital Markets boosted their target price on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday. Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Raymond James boosted their target price on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research report on Friday, August 9th. Finally, CIBC boosted their target price on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Royal Gold Stock Up 2.3 %

RGLD opened at $143.61 on Friday. The business has a fifty day moving average of $137.08 and a 200 day moving average of $128.05. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $145.59. The stock has a market cap of $9.44 billion, a P/E ratio of 42.36, a PEG ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. During the same period in the prior year, the business earned $0.88 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities analysts anticipate that Royal Gold, Inc. will post 4.7 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio is 47.20%.

Insiders Place Their Bets

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the transaction, the director now directly owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the transaction, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 0.52% of the stock is currently owned by company insiders.

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.