Mason Street Advisors LLC lifted its holdings in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,840 shares of the basic materials company’s stock after acquiring an additional 526 shares during the quarter. Mason Street Advisors LLC’s holdings in Royal Gold were worth $3,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of RGLD. Raymond James & Associates grew its position in Royal Gold by 11.1% during the 1st quarter. Raymond James & Associates now owns 101,139 shares of the basic materials company’s stock worth $9,198,000 after acquiring an additional 10,112 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in Royal Gold during the 1st quarter worth $1,177,000. First Allied Advisory Services Inc. grew its position in Royal Gold by 40.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 3,676 shares of the basic materials company’s stock worth $334,000 after acquiring an additional 1,055 shares during the last quarter. Kovack Advisors Inc. grew its position in Royal Gold by 23.8% during the 1st quarter. Kovack Advisors Inc. now owns 8,045 shares of the basic materials company’s stock worth $732,000 after acquiring an additional 1,545 shares during the last quarter. Finally, Optimum Investment Advisors grew its position in Royal Gold by 5.9% during the 1st quarter. Optimum Investment Advisors now owns 2,675 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 77.89% of the company’s stock.
A number of equities research analysts recently weighed in on the company. BidaskClub lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Royal Bank of Canada lowered Royal Gold from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $104.00 to $100.00 in a research report on Monday, May 13th. They noted that the move was a valuation call. BMO Capital Markets lowered Royal Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Monday, April 29th. Finally, ValuEngine lowered Royal Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $95.75.
NASDAQ RGLD opened at $83.99 on Tuesday. Royal Gold, Inc has a 12 month low of $70.16 and a 12 month high of $98.53. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 5.55 and a beta of 0.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.13 and a current ratio of 5.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Royal Gold had a net margin of 22.19% and a return on equity of 4.36%. The company had revenue of $109.80 million during the quarter, compared to the consensus estimate of $115.32 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts expect that Royal Gold, Inc will post 1.53 EPS for the current year.
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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