Mutual of America Capital Management LLC Sells 2,104 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Mutual of America Capital Management LLC decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,532 shares of the basic materials company’s stock after selling 2,104 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Royal Gold worth $4,985,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Royal Gold by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after acquiring an additional 21,407 shares during the period. Van ECK Associates Corp raised its position in shares of Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after buying an additional 39,394 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Royal Gold by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after buying an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Royal Gold by 34.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after purchasing an additional 212,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after purchasing an additional 156,048 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 0.5 %

Shares of RGLD opened at $148.60 on Thursday. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The stock has a fifty day moving average price of $144.74 and a 200-day moving average price of $136.16. The firm has a market cap of $9.77 billion, a PE ratio of 34.08, a P/E/G ratio of 1.12 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue was up 39.8% compared to the same quarter last year. As a group, research analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. Royal Gold’s dividend payout ratio is presently 36.70%.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the transaction, the director now owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the sale, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. The trade was a 38.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,924 shares of company stock valued at $1,271,449. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RGLD. Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Scotiabank lifted their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group boosted their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. TD Securities raised their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $165.43.

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.