SG Americas Securities LLC Boosts Holdings in Royal Gold, Inc. $RGLD

by · The Markets Daily

SG Americas Securities LLC boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 111.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,562 shares of the basic materials company’s stock after buying an additional 6,095 shares during the quarter. SG Americas Securities LLC’s holdings in Royal Gold were worth $2,319,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RGLD. Cullen Frost Bankers Inc. grew its position in shares of Royal Gold by 548.1% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 148 shares during the period. Blue Trust Inc. grew its holdings in Royal Gold by 56.8% during the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 71 shares during the period. Caldwell Trust Co purchased a new stake in Royal Gold in the second quarter worth about $36,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Royal Gold by 33.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in shares of Royal Gold by 568.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 254 shares of the basic materials company’s stock valued at $45,000 after buying an additional 216 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. CIBC raised their price target on Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $234.60.

Check Out Our Latest Stock Report on Royal Gold

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $253.98 on Wednesday. The company has a market cap of $21.44 billion, a P/E ratio of 34.89, a P/E/G ratio of 0.76 and a beta of 0.49. Royal Gold, Inc. has a 52-week low of $134.07 and a 52-week high of $255.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.89. The firm’s fifty day moving average is $210.48 and its two-hundred day moving average is $189.33.

Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The firm had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.475 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s payout ratio is currently 26.10%.

About Royal Gold

(Free Report)

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

See Also

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