Tower Research Capital LLC TRC lowered its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 35.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,487 shares of the basic materials company’s stock after selling 832 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Royal Gold were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Gables Capital Management Inc. acquired a new position in Royal Gold in the first quarter valued at $107,000. Northwestern Mutual Wealth Management Co. acquired a new position in Royal Gold in the second quarter valued at $151,000. Pendal Group Ltd boosted its holdings in Royal Gold by 100.3% in the second quarter. Pendal Group Ltd now owns 2,069 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 1,036 shares during the last quarter. Advisor Partners LLC acquired a new position in Royal Gold in the second quarter valued at $219,000. Finally, CIBC Asset Management Inc acquired a new position in Royal Gold in the second quarter valued at $220,000. Hedge funds and other institutional investors own 74.87% of the company’s stock.
In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average cost of $77.25 per share, with a total value of $154,500.00. Following the completion of the transaction, the director now owns 9,200 shares in the company, valued at $710,700. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sybil E. Veenman bought 500 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were acquired at an average cost of $78.11 per share, for a total transaction of $39,055.00. Following the completion of the transaction, the director now owns 2,515 shares of the company’s stock, valued at approximately $196,446.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 4,500 shares of company stock worth $347,915. Corporate insiders own 1.12% of the company’s stock.
NASDAQ:RGLD opened at $76.23 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.27 and a current ratio of 2.45. Royal Gold, Inc has a 12 month low of $71.91 and a 12 month high of $98.53. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 43.31, a P/E/G ratio of 3.97 and a beta of 0.43.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The company had revenue of $116.20 million for the quarter, compared to analyst estimates of $115.57 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Royal Gold, Inc will post 1.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Thursday, October 4th. Royal Gold’s payout ratio is 56.82%.
Royal Gold Profile
Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.
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