Thurston Springer Miller Herd & Titak Inc. Sells 2,261 Shares of Royal Gold, Inc. $RGLD

Thurston Springer Miller Herd & Titak Inc. lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 91.8% during the third quarter, Holdings Channel reports. The institutional investor owned 203 shares of the basic materials company’s stock after selling 2,261 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Royal Gold were worth $41,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Royal Gold by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 933,488 shares of the basic materials company’s stock valued at $152,628,000 after purchasing an additional 55,685 shares during the period. American Century Companies Inc. lifted its stake in shares of Royal Gold by 5.9% in the 1st quarter. American Century Companies Inc. now owns 234,788 shares of the basic materials company’s stock valued at $38,390,000 after acquiring an additional 13,017 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Royal Gold by 18.7% during the 1st quarter. Raymond James Financial Inc. now owns 107,974 shares of the basic materials company’s stock valued at $17,655,000 after acquiring an additional 16,977 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Royal Gold by 961.5% during the first quarter. Brooklyn Investment Group now owns 276 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 250 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Royal Gold during the first quarter worth about $307,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RGLD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Wednesday, October 8th. Bank of America boosted their price objective on shares of Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. TD Cowen raised their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Finally, Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.60.

Royal Gold Stock Up 0.6%

Royal Gold stock opened at $223.58 on Friday. 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 company has a market capitalization of $18.87 billion, a P/E ratio of 30.71, a P/E/G ratio of 0.85 and a beta of 0.48. The firm has a 50 day moving average price of $193.32 and a 200-day moving average price of $182.39. Royal Gold, Inc. has a twelve month low of $130.67 and a twelve month high of $227.71.

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 for the quarter, missing the consensus estimate of $2.30 by ($0.24). The firm had revenue of $250.23 million for the quarter, compared to the consensus estimate of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. Royal Gold’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, January 2nd. Royal Gold’s payout ratio is currently 26.10%.

Royal Gold Company 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.