Valued Retirements Inc. Sells 870 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Valued Retirements Inc. lowered its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,001 shares of the basic materials company’s stock after selling 870 shares during the quarter. Valued Retirements Inc.’s holdings in Royal Gold were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RGLD. Janney Montgomery Scott LLC boosted its position in Royal Gold by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 122 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Royal Gold by 57.4% during the third quarter. Los Angeles Capital Management LLC now owns 2,961 shares of the basic materials company’s stock valued at $415,000 after purchasing an additional 1,080 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Royal Gold by 0.8% during the third quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock valued at $27,264,000 after purchasing an additional 1,636 shares during the period. Natixis Advisors LLC raised its holdings in shares of Royal Gold by 14.4% during the third quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company’s stock valued at $2,147,000 after purchasing an additional 1,931 shares during the period. Finally, Claro Advisors LLC acquired a new position in shares of Royal Gold during the third quarter valued at about $229,000. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and upped their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $168.86.

Royal Gold Stock Performance

Shares of RGLD stock opened at $154.20 on Monday. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $157.67. The company has a 50-day simple moving average of $144.26 and a two-hundred day simple moving average of $143.35. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Royal Gold Company Profile

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.