Farther Finance Advisors LLC Sells 1,183 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Farther Finance Advisors LLC trimmed its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 65.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631 shares of the basic materials company’s stock after selling 1,183 shares during the quarter. Farther Finance Advisors LLC’s holdings in Royal Gold were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. First Trust Direct Indexing L.P. grew its position in Royal Gold by 6.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,643 shares of the basic materials company’s stock valued at $651,000 after purchasing an additional 273 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Royal Gold by 117.4% during the third quarter. Pallas Capital Advisors LLC now owns 6,691 shares of the basic materials company’s stock valued at $1,011,000 after buying an additional 3,613 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Royal Gold by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,641 shares of the basic materials company’s stock valued at $1,072,000 after acquiring an additional 515 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Royal Gold by 146.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,303 shares of the basic materials company’s stock worth $1,866,000 after acquiring an additional 7,905 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Royal Gold by 13,968.8% in the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after acquiring an additional 84,092 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Down 1.5 %

Shares of RGLD stock opened at $141.32 on Wednesday. The company has a 50 day simple moving average of $143.81 and a two-hundred day simple moving average of $135.33. The stock has a market cap of $9.29 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.24 and a beta of 0.90. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. As a group, equities analysts forecast that Royal Gold, Inc. will post 5.07 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Royal Gold’s payout ratio is currently 36.70%.

Analysts Set New Price Targets

RGLD has been the subject of a number of research analyst reports. Raymond James lifted their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank boosted 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 upped their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report 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 assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and an average price target of $165.43.

Insider Activity at Royal Gold

In other news, CFO Paul Libner sold 1,500 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the sale, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the sale, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the sale, the chief financial officer now owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,355 shares of company stock worth $1,038,155. 0.52% of the stock is 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.