New Mexico Educational Retirement Board boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,700 shares of the basic materials company’s stock after buying an additional 3,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Royal Gold were worth $3,712,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of RGLD. Elyxium Wealth LLC purchased a new position in Royal Gold in the 4th quarter worth about $27,000. Vermillion & White Wealth Management Group LLC purchased a new position in Royal Gold in the 3rd quarter worth about $29,000. Trust Co. of Toledo NA OH purchased a new position in Royal Gold in the 4th quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold in the 4th quarter worth about $30,000. Finally, Bank & Trust Co raised its position in Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
Royal Gold Trading Down 2.9%
Royal Gold stock opened at $217.86 on Tuesday. The firm has a 50 day moving average of $242.13 and a 200 day moving average of $244.35. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.67 and a beta of 0.42. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. 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 Announces Dividend
Insider Activity at Royal Gold
In related news, SVP Randy Shefman sold 1,000 shares of the 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 directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred on 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 directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on RGLD shares. 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. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $273.64.
View Our Latest Research Report on Royal Gold
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.
Featured Stories
- Five stocks we like better than Royal Gold
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
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:RGLD – Free Report) (TSE:RGL).
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.
