Venturi Wealth Management LLC Sells 484 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Venturi Wealth Management LLC cut its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,502 shares of the basic materials company’s stock after selling 484 shares during the quarter. Venturi Wealth Management LLC’s holdings in Royal Gold were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA purchased a new position in Royal Gold during the 3rd quarter valued at about $49,000. Blue Trust Inc. grew its stake in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 213 shares in the last quarter. Mather Group LLC. bought a new stake in Royal Gold during the 2nd quarter worth approximately $62,000. 1832 Asset Management L.P. purchased a new stake in Royal Gold in the 2nd quarter worth approximately $65,000. Finally, International Assets Investment Management LLC bought a new position in Royal Gold in the 2nd quarter valued at $75,000. 83.65% of the stock is currently owned by institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Libner sold 1,500 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the sale, the chief financial officer now directly owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,339 shares of company stock worth $1,329,902 in the last ninety days. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RGLD has been the topic of several research analyst reports. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Raymond James boosted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group raised their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, TD Securities lifted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Price Performance

Shares of RGLD opened at $139.69 on Thursday. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The stock has a 50 day simple moving average of $143.86 and a two-hundred day simple moving average of $135.36. The firm has a market cap of $9.19 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, equities analysts anticipate that Royal Gold, Inc. will post 5.13 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

About Royal Gold

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.