Copeland Capital Management LLC Decreases Position in Royal Gold, Inc. $RGLD

Copeland Capital Management LLC lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,408 shares of the basic materials company’s stock after selling 7,707 shares during the period. Copeland Capital Management LLC owned approximately 0.17% of Royal Gold worth $30,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of Royal Gold by 13.3% during the 4th quarter. Arizona State Retirement System now owns 23,370 shares of the basic materials company’s stock valued at $5,195,000 after purchasing an additional 2,749 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Royal Gold by 27.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 292 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 62 shares during the period. U S Global Investors Inc. increased its position in shares of Royal Gold by 3,713.1% in the 4th quarter. U S Global Investors Inc. now owns 86,938 shares of the basic materials company’s stock valued at $19,325,000 after acquiring an additional 84,658 shares during the period. WPG Advisers LLC increased its position in shares of Royal Gold by 34.1% in the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 46 shares during the period. Finally, Schmidt P J Investment Management Inc. increased its position in shares of Royal Gold by 39.2% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 3,163 shares of the basic materials company’s stock valued at $703,000 after acquiring an additional 891 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RGLD. UBS Group set a $325.00 target price on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. National Bank Financial cut their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research downgraded Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Price Performance

Shares of RGLD opened at $251.25 on Friday. The business’s 50-day moving average is $264.68 and its two-hundred day moving average is $235.87. The company has a market capitalization of $21.32 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.51 and a beta of 0.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

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

Royal Gold Dividend Announcement

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

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the sale, the director directly owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction dated Monday, March 2nd. The stock was 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 represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,573 shares of company stock valued at $2,127,091. Company insiders own 0.35% of the company’s stock.

Royal Gold 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.