Bar Harbor Trust Services buys $6,320,017 stake in Royal Gold Inc USA) (RGLD)

Royal Gold Inc USA) (RGLD) : Bar Harbor Trust Services scooped up 17,261 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 Aug 11, 2016. The investment management firm now holds a total of 75,907 shares of Royal Gold Inc USA) which is valued at $6,320,017.Royal Gold Inc USA) makes up approximately 3.09% of Bar Harbor Trust Services’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in RGLD in the latest quarter, The investment management firm added 37,600 additional shares and now holds a total of 694,113 shares of Royal Gold Inc USA) which is valued at $57,791,848. Royal Gold Inc USA) makes up approx 0.01% of Fmr’s portfolio.Gabelli Funds reduced its stake in RGLD by selling 367,600 shares or 34.4% in the most recent quarter. The Hedge Fund company now holds 700,977 shares of RGLD which is valued at $58,489,521. Royal Gold Inc USA) makes up approx 0.35% of Gabelli Funds’s portfolio. Hanseatic Management Services Inc added RGLD to its portfolio by purchasing 10,851 company shares during the most recent quarter which is valued at $905,407. Royal Gold Inc USA) makes up approx 0.33% of Hanseatic Management Services Inc’s portfolio.Meeder Asset Management Inc boosted its stake in RGLD in the latest quarter, The investment management firm added 1,991 additional shares and now holds a total of 1,992 shares of Royal Gold Inc USA) which is valued at $158,005. Royal Gold Inc USA) makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.Ibm Retirement Fund boosted its stake in RGLD in the latest quarter, The investment management firm added 96 additional shares and now holds a total of 6,568 shares of Royal Gold Inc USA) which is valued at $520,974. Royal Gold Inc USA) makes up approx 0.02% of Ibm Retirement Fund’s portfolio.

Royal Gold Inc USA) closed down -0.38 points or -0.46% at $82.73 with 4,98,121 shares getting traded on Tuesday. Post opening the session at $83.54, the shares hit an intraday low of $82.4929 and an intraday high of $83.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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.

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