Parkside Financial Bank & Trust trimmed its position in 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. The institutional investor 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 reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in RGLD. Liberty Wealth Management LLC raised its stake in Royal Gold by 108.5% during the 3rd quarter. Liberty Wealth Management LLC now owns 221 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Truvestments Capital LLC raised its stake in Royal Gold by 100.0% during the 3rd quarter. Truvestments Capital LLC now owns 240 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Royal Gold by 66.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 250 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. CENTRAL TRUST Co raised its stake in Royal Gold by 375.0% during the 2nd quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 375 shares in the last quarter. Finally, WealthStone Inc. acquired a new stake in Royal Gold during the 2nd quarter worth $63,000. Institutional investors and hedge funds own 78.20% of the company’s stock.
NASDAQ RGLD traded down $0.19 during trading on Friday, reaching $113.56. The company’s stock had a trading volume of 890,400 shares, compared to its average volume of 505,029. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $138.78. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 78.32, a P/E/G ratio of 4.43 and a beta of 0.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.26 and a current ratio of 4.60. The business’s fifty day moving average price is $122.05 and its 200-day moving average price is $110.39.
The firm also recently declared 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 dividend payout ratio (DPR) is presently 73.10%.
A number of research analysts have commented on the stock. Royal Bank of Canada restated a “hold” rating on shares of Royal Gold in a research note on Sunday, August 11th. National Bank Financial lifted their price objective on shares of Royal Gold from $112.50 to $117.50 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Barclays lowered shares of Royal Gold from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $88.00 to $105.00 in a research note on Tuesday, July 16th. TD Securities dropped their price objective on shares of Royal Gold from $135.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday. Finally, B. Riley lowered shares of Royal Gold from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $127.10 to $122.00 in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Royal Gold has an average rating of “Hold” and an average price target of $111.31.
In other Royal Gold news, VP Bruce Christopher Kirchhoff sold 1,417 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $127.16, for a total value of $180,185.72. Following the sale, the vice president now owns 48,826 shares of the company’s stock, valued at $6,208,714.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark Isto sold 2,173 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $125.02, for a total transaction of $271,668.46. Following the completion of the sale, the vice president now directly owns 21,480 shares in the company, valued at approximately $2,685,429.60. The disclosure for this sale can be found here. Insiders sold 87,603 shares of company stock worth $11,107,708 in the last ninety days. Insiders own 0.52% of the company’s stock.
Royal Gold Company 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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