Mutual of America Capital Management LLC Lowers Holdings in Royal Gold, Inc. $RGLD

Mutual of America Capital Management LLC cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,403 shares of the basic materials company’s stock after selling 2,327 shares during the period. Mutual of America Capital Management LLC’s holdings in Royal Gold were worth $6,098,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Royal Gold by 8.2% in the second quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock valued at $319,140,000 after purchasing an additional 137,524 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Royal Gold by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock worth $311,457,000 after acquiring an additional 61,352 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Royal Gold by 19.5% during the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock valued at $165,095,000 after purchasing an additional 151,492 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Royal Gold by 52.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock valued at $148,173,000 after buying an additional 286,268 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Royal Gold by 35.0% in the third quarter. Swedbank AB now owns 424,129 shares of the basic materials company’s stock valued at $85,072,000 after purchasing an additional 109,981 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RGLD shares. BMO Capital Markets set a $240.00 price objective on Royal Gold and gave the company an “outperform” rating in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. CIBC lifted their price objective on shares of Royal Gold from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research note on Sunday, December 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.50.

Royal Gold Stock Up 2.5%

RGLD stock opened at $301.21 on Thursday. The stock has a market capitalization of $25.42 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 0.81 and a beta of 0.49. Royal Gold, Inc. has a 52 week low of $136.00 and a 52 week high of $302.53. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $231.46 and a 200 day moving average of $197.55.

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

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.6%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s payout ratio is currently 26.10%.

Royal Gold 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.