Aaron Wealth Advisors LLC Sells 186 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Aaron Wealth Advisors LLC reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,570 shares of the basic materials company’s stock after selling 186 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Royal Gold were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Price T Rowe Associates Inc. MD raised its holdings in Royal Gold by 224.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after purchasing an additional 422,026 shares during the last quarter. Van ECK Associates Corp raised its holdings in Royal Gold by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock worth $559,807,000 after purchasing an additional 292,357 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after purchasing an additional 212,316 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Royal Gold during the 1st quarter worth about $20,675,000. Finally, Dimensional Fund Advisors LP raised its holdings in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after purchasing an additional 156,048 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 1.8 %

RGLD traded up $2.62 during trading on Friday, hitting $151.07. The company had a trading volume of 40,821 shares, compared to its average volume of 367,905. The company has a market capitalization of $9.93 billion, a PE ratio of 43.79, a PEG ratio of 1.19 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $151.41. The firm’s 50-day moving average price is $139.69 and its 200 day moving average price is $131.83.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts forecast that Royal Gold, Inc. will post 4.89 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be given a $0.40 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.06%. Royal Gold’s dividend payout ratio is currently 47.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. CIBC boosted their target price on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Cibc World Mkts upgraded Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets boosted their target price on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Royal Gold presently has a consensus rating of “Hold” and an average price target of $158.86.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the sale, the director now directly owns 9,109 shares of the company’s stock, valued at $1,203,845.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is 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.