Algert Global LLC Has $3.79 Million Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Algert Global LLC lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 15.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,310 shares of the basic materials company’s stock after selling 5,470 shares during the period. Algert Global LLC’s holdings in Royal Gold were worth $3,794,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Driehaus Capital Management LLC acquired a new position in shares of Royal Gold during the 2nd quarter worth about $15,559,000. Scientech Research LLC bought a new position in Royal Gold during the second quarter valued at about $627,000. Lighthouse Investment Partners LLC bought a new position in Royal Gold during the second quarter valued at about $327,000. AQR Capital Management LLC increased its stake in Royal Gold by 38.4% during the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after acquiring an additional 134,120 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Royal Gold during the second quarter valued at about $608,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now directly owns 8,194 shares in the company, valued at approximately $1,154,124.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald J. Vance sold 415 shares of the company’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 transaction, the director now directly owns 8,194 shares in the company, valued at approximately $1,154,124.90. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 in the last three months. Insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $140.30 on Tuesday. The firm has a market cap of $9.22 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.65. The stock’s 50 day simple moving average is $137.75 and its 200 day simple moving average is $129.49.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The business had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. Royal Gold’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts expect that Royal Gold, Inc. will post 4.83 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Analyst Ratings Changes

Several brokerages recently issued reports on RGLD. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. CIBC boosted their price target on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price target on Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Raymond James boosted their price target on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets upped their price objective on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Royal Gold presently has an average rating of “Hold” and a consensus price target of $157.00.

Royal Gold Company Profile

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.