5,378 Shares in Royal Gold, Inc. $RGLD Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,378 shares of the basic materials company’s stock, valued at approximately $1,074,000.

Several other hedge funds also recently added to or reduced their stakes in RGLD. Axiom Investment Management LLC bought a new stake in Royal Gold in the first quarter worth about $25,000. Grove Bank & Trust boosted its position in shares of Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after buying an additional 62 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new position in shares of Royal Gold during the fourth quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Royal Gold during the first quarter valued at approximately $32,000. 83.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of RGLD stock opened at $261.47 on Tuesday. The company has a market capitalization of $22.15 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.98 and a beta of 0.44. The company’s 50-day simple moving average is $215.99 and its two-hundred day simple moving average is $236.28. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. As a group, equities analysts anticipate that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RGLD. Royal Bank Of Canada decreased their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. UBS Group increased their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $285.10.

Royal Gold Company Profile

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.