St. James Investment Company buys $77,919,391 stake in Royal Gold Inc USA) (RGLD)

Royal Gold Inc USA) (RGLD) : St. James Investment Company scooped up 67,048 additional shares in Royal Gold Inc USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,302,782 shares of Royal Gold Inc USA) which is valued at $77,919,391.Royal Gold Inc USA) makes up approximately 9.78% of St. James Investment Company’s portfolio.

Royal Gold Inc USA) opened for trading at $61.08 and hit $61.35 on the upside on Friday, eventually ending the session at $59.81, with a gain of 0.42% or 0.25 points. The heightened volatility saw the trading volume jump to 10,09,500 shares. Company has a market cap of $3,904 M.

Other Hedge Funds, Including , Quantitative Investment Management added RGLD to its portfolio by purchasing 11,600 company shares during the most recent quarter which is valued at $693,796. Royal Gold Inc USA) makes up approx 0.03% of Quantitative Investment Management’s portfolio.Tocqueville Asset Management boosted its stake in RGLD in the latest quarter, The investment management firm added 26,100 additional shares and now holds a total of 1,115,330 shares of Royal Gold Inc USA) which is valued at $69,841,965. Royal Gold Inc USA) makes up approx 0.89% of Tocqueville Asset Management’s portfolio.Metlife Securities Inc boosted its stake in RGLD in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 1,378 shares of Royal Gold Inc USA) which is valued at $77,499. Vontobel Asset Management Inc sold out all of its stake in RGLD during the most recent quarter. The investment firm sold 355,023 shares of RGLD which is valued $19,966,494.

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). Company shares were Reiterated by FBR Capital on May 3, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .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 .

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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