Northwestern Mutual Wealth Management Co. Buys 3,636 Shares of Royal Gold, Inc. $RGLD

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 27.4% during the 4th quarter, HoldingsChannel reports. The fund owned 16,928 shares of the basic materials company’s stock after purchasing an additional 3,636 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Royal Gold were worth $3,763,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RGLD. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold during the third quarter worth approximately $29,000. Trust Co. of Toledo NA OH bought a new stake in Royal Gold during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in Royal Gold during the fourth quarter worth approximately $30,000. Bank & Trust Co increased its stake in Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Royal Gold by 8,400.0% during the third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 168 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $220.29 on Monday. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The business has a 50 day simple moving average of $245.59 and a two-hundred day simple moving average of $242.45. The firm has a market capitalization of $18.70 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is 22.65%.

Analyst Ratings Changes

Several brokerages have weighed in on RGLD. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research note on Monday, January 26th. 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. National Bank Financial dropped their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Get Our Latest Analysis on RGLD

Insider Buying and Selling at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value 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. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,400 shares of company stock worth $1,214,618 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Royal Gold 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

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL).

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

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