Morling Financial Advisors LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,475 shares of the basic materials company’s stock, valued at approximately $550,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $27,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Gold in the fourth quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in Royal Gold in the fourth quarter worth $30,000. Bank & Trust Co grew its holdings in Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 120 shares during the period. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold in the third quarter worth $29,000. 83.65% of the stock is owned by institutional investors and hedge funds.
Royal Gold Trading Up 1.9%
Shares of Royal Gold stock opened at $223.09 on Thursday. The stock has a fifty day simple moving average of $247.89 and a 200 day simple moving average of $241.80. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a market capitalization of $18.93 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.43. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.
Royal Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio is 22.65%.
Insider Buying and Selling
In related news, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,573 shares of company stock worth $2,370,831. 0.35% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a report on Monday, January 26th. National Bank Financial lowered 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. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $273.64.
View Our Latest Stock Report on Royal Gold
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.
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