Creative Financial Designs Inc. ADV Cuts Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Creative Financial Designs Inc. ADV lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 690 shares of the basic materials company’s stock after selling 303 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Royal Gold were worth $91,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in shares of Royal Gold by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company’s stock worth $1,715,000 after acquiring an additional 199 shares in the last quarter. Erste Asset Management GmbH increased its position in shares of Royal Gold by 523.8% in the fourth quarter. Erste Asset Management GmbH now owns 2,620 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 2,200 shares in the last quarter. Swiss National Bank increased its position in shares of Royal Gold by 0.7% in the fourth quarter. Swiss National Bank now owns 129,300 shares of the basic materials company’s stock worth $17,048,000 after acquiring an additional 900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Royal Gold in the fourth quarter worth $741,000. Finally, Great Lakes Advisors LLC increased its position in shares of Royal Gold by 30.3% in the fourth quarter. Great Lakes Advisors LLC now owns 82,027 shares of the basic materials company’s stock worth $10,815,000 after acquiring an additional 19,089 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 0.3 %

RGLD opened at $155.29 on Friday. The company has a fifty day simple moving average of $145.89 and a 200 day simple moving average of $143.71. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a twelve month low of $108.95 and a twelve month high of $158.94.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.16%. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average price target of $168.86.

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.