Beacon Financial Group buys $3.6 Million stake in Royal Gold Inc USA) (RGLD)

Royal Gold Inc USA) (RGLD) : Beacon Financial Group scooped up 1,125 additional shares in Royal Gold Inc USA) during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 69,131 shares of Royal Gold Inc USA) which is valued at $3.6 Million.Royal Gold Inc USA) makes up approximately 0.77% of Beacon Financial Group’s portfolio.

On the company’s financial health, Royal Gold Inc USA) reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.24. The company had revenue of $98.10 million for the quarter, compared to analysts expectations of $93.13 million. The company’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Royal Gold Inc USA). Royal Gold Inc USA) was Downgraded by Raymond James to ” Mkt Perform” on Mar 14, 2016. Company shares were Reiterated by FBR Capital on Feb 10, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 33 from a previous price target of $25 .Shares were Downgraded by FBR Capital on Jan 28, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 25 from a previous price target of $50 .

Royal Gold Inc USA) opened for trading at $53.98 and hit $56.11 on the upside on Monday, eventually ending the session at $55.64, with a gain of 5.48% or 2.89 points. The heightened volatility saw the trading volume jump to 11,23,110 shares. Company has a market cap of $3,631 M.

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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