Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) in the 1st quarter, Holdings Channel.com reports. The firm purchased 7,786 shares of the basic materials company’s stock, valued at approximately $1,981,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after buying an additional 84,206 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after buying an additional 2,876 shares during the period. Brown Advisory Inc. lifted its position in shares of Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after buying an additional 796 shares during the period. Qube Research & Technologies Ltd boosted its stake in Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Royal Gold by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.
Royal Gold Stock Performance
NASDAQ:RGLD opened at $214.82 on Monday. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The firm has a 50 day moving average of $232.70 and a 200-day moving average of $246.34. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $18.23 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42.
Royal Gold Announces Dividend
Wall Street Analysts Forecast Growth
Several research firms have issued reports on RGLD. National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $280.70.
Get Our Latest Stock Report on RGLD
Insiders Place Their Bets
In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.
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.
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