TD Waterhouse Canada Inc. Acquires 10,014 Shares of Royal Gold, Inc. $RGLD

TD Waterhouse Canada Inc. raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 93.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,724 shares of the basic materials company’s stock after acquiring an additional 10,014 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Royal Gold were worth $4,604,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. lifted its stake in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth increased its position in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after buying an additional 2,876 shares during the last quarter. Brown Advisory Inc. raised its holdings in Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after buying an additional 796 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Royal Gold by 4.6% in the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after buying an additional 1,072 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Down 4.4%

Royal Gold stock opened at $252.91 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The firm has a fifty day moving average price of $265.78 and a two-hundred day moving average price of $235.65. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 37.14, a P/E/G ratio of 1.59 and a beta of 0.55.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, analysts forecast that Royal Gold, Inc. will post 12.19 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,573 shares of company stock valued at $2,127,091 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on RGLD. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a report on Monday, January 26th. Finally, National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.