Royal Gold, Inc (NASDAQ:RGLD) Position Reduced by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust trimmed its stake in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,435 shares of the basic materials company’s stock after selling 6,200 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Royal Gold were worth $1,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its holdings in shares of Royal Gold by 2.5% during the second quarter. Allianz Asset Management GmbH now owns 3,302 shares of the basic materials company’s stock worth $338,000 after purchasing an additional 80 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Royal Gold by 66.7% during the third quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 100 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Royal Gold by 3.2% during the third quarter. LS Investment Advisors LLC now owns 3,298 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 102 shares during the period. Profund Advisors LLC raised its holdings in shares of Royal Gold by 0.6% during the second quarter. Profund Advisors LLC now owns 16,438 shares of the basic materials company’s stock worth $1,685,000 after purchasing an additional 103 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Royal Gold by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 15,759 shares of the basic materials company’s stock worth $1,615,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 78.20% of the company’s stock.

Royal Gold stock traded down $0.19 during trading hours on Friday, hitting $113.56. 890,400 shares of the company traded hands, compared to its average volume of 505,029. Royal Gold, Inc has a 1-year low of $70.16 and a 1-year high of $138.78. The firm’s 50-day simple moving average is $122.05 and its two-hundred day simple moving average is $110.39. The firm has a market cap of $7.26 billion, a P/E ratio of 78.32, a P/E/G ratio of 4.43 and a beta of 0.10. The company has a quick ratio of 4.26, a current ratio of 4.60 and a debt-to-equity ratio of 0.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Royal Gold had a net margin of 22.18% and a return on equity of 4.42%. The company had revenue of $118.77 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, equities research analysts predict that Royal Gold, Inc will post 2.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, October 3rd. Royal Gold’s payout ratio is 73.10%.

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A number of analysts have weighed in on the stock. Cantor Fitzgerald raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine cut shares of Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. CIBC cut shares of Royal Gold from a “sector outperform” rating to a “neutral” rating in a report on Thursday, August 1st. Barclays cut shares of Royal Gold from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $88.00 to $105.00 in a report on Tuesday, July 16th. Finally, Raymond James set a $122.00 price objective on shares of Royal Gold and gave the stock a “market perform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Royal Gold currently has an average rating of “Hold” and a consensus target price of $111.31.

In related news, Director William M. Hayes sold 18,369 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $125.00, for a total transaction of $2,296,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony A. Jensen sold 46,570 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $124.59, for a total transaction of $5,802,156.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,603 shares of company stock valued at $11,107,708. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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