Royal Gold Inc USA) (RGLD) : St. James Investment Company reduced its stake in Royal Gold Inc USA) by 6.43% during the most recent quarter end. The investment management company now holds a total of 1,218,951 shares of Royal Gold Inc USA) which is valued at $104,147,173 after selling 83,831 shares in Royal Gold Inc USA) , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Royal Gold Inc USA) makes up approximately 12.84% of St. James Investment Company’s portfolio.
Other Hedge Funds, Including , Pring Turner Capital Group Inc reduced its stake in RGLD by selling 250 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 41,577 shares of RGLD which is valued at $3,514,920. Royal Gold Inc USA) makes up approx 4.51% of Pring Turner Capital Group Inc’s portfolio.Ls Investment Advisors boosted its stake in RGLD in the latest quarter, The investment management firm added 1,668 additional shares and now holds a total of 3,948 shares of Royal Gold Inc USA) which is valued at $313,155. Royal Gold Inc USA) makes up approx 0.02% of Ls Investment Advisors’s portfolio. Cribstone Capital Management added RGLD to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $7,722.
Royal Gold Inc USA) closed down -0.39 points or -0.46% at $85.05 with 4,55,871 shares getting traded on Thursday. Post opening the session at $85.44, the shares hit an intraday low of $84.88 and an intraday high of $85.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 Jul 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .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. (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.