Capstone Asset Management Co. Boosts Stake in Royal Gold, Inc. (RGLD)

Capstone Asset Management Co. boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,286 shares of the basic materials company’s stock after buying an additional 190 shares during the period. Capstone Asset Management Co.’s holdings in Royal Gold were worth $804,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC raised its position in shares of Royal Gold by 2.4% in the second quarter. America First Investment Advisors LLC now owns 146,867 shares of the basic materials company’s stock valued at $11,481,000 after buying an additional 3,505 shares during the period. Hexavest Inc. raised its position in shares of Royal Gold by 22.5% in the second quarter. Hexavest Inc. now owns 2,898 shares of the basic materials company’s stock valued at $227,000 after buying an additional 532 shares during the period. State Street Corp raised its position in shares of Royal Gold by 4.8% in the first quarter. State Street Corp now owns 2,354,371 shares of the basic materials company’s stock valued at $164,922,000 after buying an additional 108,212 shares during the period. Two Sigma Securities LLC bought a new position in shares of Royal Gold during the first quarter valued at $323,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Royal Gold by 17.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 207,805 shares of the basic materials company’s stock valued at $14,557,000 after buying an additional 31,130 shares during the period. Hedge funds and other institutional investors own 70.89% of the company’s stock.

Shares of Royal Gold, Inc. (NASDAQ RGLD) traded down 0.87% on Friday, reaching $86.25. 532,393 shares of the company were exchanged. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $88.03. The company has a 50-day moving average price of $83.39 and a 200 day moving average price of $74.98. The stock has a market capitalization of $5.64 billion, a PE ratio of 55.65 and a beta of 0.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.72 million. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. On average, analysts forecast that Royal Gold, Inc. will post $1.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio (DPR) is currently 61.54%.

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RGLD has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Macquarie lowered shares of Royal Gold from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 12th. BidaskClub raised shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $88.00 target price on shares of Royal Gold in a research note on Thursday, June 15th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $84.00 target price (up previously from $83.00) on shares of Royal Gold in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Royal Gold currently has a consensus rating of “Buy” and a consensus target price of $91.95.

In related news, CFO Stefan Wenger sold 2,086 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $87.49, for a total transaction of $182,504.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $85.00, for a total value of $2,125,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,870 shares of company stock valued at $6,141,357. Company insiders own 1.37% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

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

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