America First Investment Advisors LLC Has $18.47 Million Holdings in Royal Gold, Inc (NASDAQ:RGLD)

America First Investment Advisors LLC decreased its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,941 shares of the basic materials company’s stock after selling 10,481 shares during the quarter. Royal Gold comprises 5.6% of America First Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. America First Investment Advisors LLC’s holdings in Royal Gold were worth $18,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGLD. First Trust Advisors LP bought a new stake in shares of Royal Gold in the 1st quarter valued at approximately $3,676,000. Carroll Financial Associates Inc. grew its stake in shares of Royal Gold by 7.9% in the 2nd quarter. Carroll Financial Associates Inc. now owns 2,595 shares of the basic materials company’s stock valued at $265,000 after buying an additional 190 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Royal Gold by 375.0% in the 2nd quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after buying an additional 375 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Royal Gold by 6.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 30,300 shares of the basic materials company’s stock valued at $3,105,000 after buying an additional 1,900 shares in the last quarter. Finally, 6 Meridian grew its stake in shares of Royal Gold by 2.0% in the 2nd quarter. 6 Meridian now owns 5,850 shares of the basic materials company’s stock valued at $600,000 after buying an additional 112 shares in the last quarter. 78.20% of the stock is owned by institutional investors and hedge funds.

In related news, VP Mark Isto sold 2,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total value of $337,095.00. Following the completion of the sale, the vice president now directly owns 24,442 shares in the company, valued at approximately $3,299,670. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 46,570 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $124.59, for a total value of $5,802,156.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,603 shares of company stock valued at $11,107,708. Corporate insiders own 0.52% of the company’s stock.

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Several equities research analysts recently commented on RGLD shares. Raymond James set a $122.00 price target on Royal Gold and gave the company a “market perform” rating in a research note on Friday. National Bank Financial boosted their price target on Royal Gold from $112.50 to $117.50 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. ValuEngine cut Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. TD Securities lowered their price target on Royal Gold from $135.00 to $125.00 and set a “hold” rating for the company in a research note on Friday. Finally, Cantor Fitzgerald raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $111.31.

RGLD opened at $113.56 on Friday. The business has a 50 day moving average price of $122.05 and a 200 day moving average price of $110.39. Royal Gold, Inc has a twelve month low of $70.16 and a twelve month high of $138.78. 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 firm has a market cap of $7.26 billion, a P/E ratio of 78.32, a price-to-earnings-growth ratio of 4.43 and a beta of 0.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Royal Gold had a return on equity of 4.42% and a net margin of 22.18%. The firm had revenue of $118.77 million during the quarter, compared to analyst estimates of $129.47 million. During the same period in the previous year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. As a group, analysts anticipate that Royal Gold, Inc will post 2.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.265 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.06 annualized dividend and a yield of 0.93%. Royal Gold’s dividend payout ratio (DPR) is currently 73.10%.

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

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