Beacon Capital Management Lowers stake in Royal Gold Inc USA) (RGLD)

Royal Gold Inc USA) (RGLD) : Beacon Capital Management reduced its stake in Royal Gold Inc USA) by 30.67% during the most recent quarter end. The investment management company now holds a total of 565 shares of Royal Gold Inc USA) which is valued at $46,353 after selling 250 shares in Royal Gold Inc USA) , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.

Other Hedge Funds, Including , Washington Trust Bank added RGLD to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $16,408.Bnp Paribas Arbitrage Sa boosted its stake in RGLD in the latest quarter, The investment management firm added 25,980 additional shares and now holds a total of 26,692 shares of Royal Gold Inc USA) which is valued at $2,189,812. Royal Gold Inc USA) makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Toth Financial Advisory Corp reduced its stake in RGLD by selling 145 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 14,320 shares of RGLD which is valued at $1,066,410. Royal Gold Inc USA) makes up approx 0.33% of Toth Financial Advisory Corp’s portfolio.

Royal Gold Inc USA) opened for trading at $80.75 and hit $81.86 on the upside on Wednesday, eventually ending the session at $81.72, with a gain of 1.69% or 1.36 points. The heightened volatility saw the trading volume jump to 8,94,352 shares. Company has a market cap of $5,334 M.

On the company’s financial health, Royal Gold Inc USA) reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $93.50 million for the quarter, compared to analysts expectations of $100.70 million. The company’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Royal Gold Inc USA). Royal Gold Inc USA) was Upgraded by Raymond James to ” Outperform” on Jul 6, 2016. Royal Gold Inc USA) was Upgraded by Dundee to ” Buy” on Jul 6, 2016. Royal Gold Inc USA) was Initiated by Macquarie to “Outperform” on Jul 6, 2016.

Royal Gold Inc. (Royal Gold) together with its subsidiaries is engaged in the business of acquiring and managing precious metals royalties metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30 2015 the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties 22 development-stage properties and 135 exploration-stage properties. The Company’s principal producing properties include Andacollo Cortez Holt Mount Milligan Mulatos Penasquito Robinson Mine Voisey’s Bay and Wassa Bogoso and Prestea. The Company’s principal development-stage properties include Pascua-Lama project and Phoenix Gold.

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