Royal Gold Inc USA) (RGLD) : Strategic Investment Management added new position in Royal Gold Inc USA) during the most recent quarter end. The investment management firm now holds 6,801 shares of Royal Gold Inc USA) which is valued at $566,251 , the company said in a statement filed on Aug 15, 2016 with the SEC.Royal Gold Inc USA) makes up approximately 0.27% of Strategic Investment Management’s portfolio.
Other Hedge Funds, Including , Richard C. Young Ltd. sold out all of its stake in RGLD during the most recent quarter. The investment firm sold 61,337 shares of RGLD which is valued $5,106,919.
Royal Gold Inc USA) opened for trading at $72.69 and hit $76.14 on the upside on Thursday, eventually ending the session at $75.78, with a gain of 3.36% or 2.46 points. The heightened volatility saw the trading volume jump to 10,81,463 shares. Company has a market cap of $4,946 M.
On the company’s financial health, Royal Gold Inc USA) reported $0.32 EPS for the quarter, based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus estimate of $0.32. The company had revenue of $94.10 million for the quarter, compared to analysts expectations of $107.86 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Investors should note that on Aug 17, 2016, Royal Gold Inc USA) announced a cash dividend of $0.2300. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Royal Gold Inc USA). Company shares were Reiterated by FBR Capital on Aug 12, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .Company shares were Reiterated by Barclays on Aug 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 99 from a previous price target of $62 .Company shares were Reiterated by FBR Capital on Jul 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .
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.