Morling Financial Advisors LLC Purchases Shares of 2,475 Royal Gold, Inc. $RGLD

Morling Financial Advisors LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLDFree 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 (NASDAQ:RGLDGet Free Report) (TSE:RGL) last announced 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). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter last year, the company posted $1.63 EPS. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 11.55 earnings per share for the current fiscal year.

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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