Eagle Global Advisors LLC Takes $625,000 Position in Royal Gold, Inc. $RGLD

Eagle Global Advisors LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,812 shares of the basic materials company’s stock, valued at approximately $625,000.

Other large investors have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Royal Gold in the third quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new position in Royal Gold in the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold in the fourth quarter worth about $30,000. Bank & Trust Co grew its stake in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 120 shares during the period. Finally, Sunbelt Securities Inc. increased its position in shares of Royal Gold by 8,400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $251.54 on Thursday. The company has a market capitalization of $21.34 billion, a P/E ratio of 36.94, a P/E/G ratio of 1.52 and a beta of 0.55. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The firm’s 50 day simple moving average is $265.11 and its two-hundred day simple moving average is $235.76. 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 (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Research analysts expect that Royal Gold, Inc. will post 12.19 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 27.90%.

Insider Transactions at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,573 shares of company stock valued at $2,127,091 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RGLD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a report on Monday, January 26th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Moderate Buy” and an average target price of $273.64.

About Royal Gold

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.