Inspire Investing LLC Reduces Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Inspire Investing LLC lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,811 shares of the basic materials company’s stock after selling 127 shares during the quarter. Inspire Investing LLC’s holdings in Royal Gold were worth $352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. BNP Paribas Financial Markets boosted its holdings in Royal Gold by 109.2% in the fourth quarter. BNP Paribas Financial Markets now owns 9,929 shares of the basic materials company’s stock worth $1,201,000 after purchasing an additional 5,182 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Royal Gold by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 591,132 shares of the basic materials company’s stock worth $71,507,000 after purchasing an additional 20,443 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Royal Gold in the fourth quarter worth approximately $1,530,000. Quadrant Capital Group LLC boosted its holdings in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 116 shares during the last quarter. Finally, Norges Bank purchased a new stake in Royal Gold in the fourth quarter worth approximately $33,696,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

RGLD opened at $143.61 on Monday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $145.59. The firm’s fifty day moving average is $137.08 and its 200 day moving average is $128.17. The stock has a market cap of $9.44 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The company had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $172.12 million. During the same quarter in the previous year, the company earned $0.88 EPS. Royal Gold’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, equities research analysts predict that Royal Gold, Inc. will post 4.7 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, October 4th. Royal Gold’s payout ratio is currently 47.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RGLD shares. Raymond James raised their target price on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a report on Friday, August 9th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday. CIBC lifted their price target on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. BMO Capital Markets lifted their price target on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price target on shares of Royal Gold from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.00.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the sale, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold 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.