World Investment Advisors acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,963 shares of the basic materials company’s stock, valued at approximately $1,024,000.
Other large investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Royal Gold in the third quarter valued at about $29,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold during the 4th quarter valued at approximately $30,000. Bank & Trust Co grew its holdings in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Royal Gold by 8,400.0% in the 3rd 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 currently owned by hedge funds and other institutional investors.
Royal Gold Stock Performance
Shares of RGLD stock opened at $228.32 on Monday. The company has a market cap of $19.38 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.85 and a beta of 0.43. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The stock’s 50 day simple moving average is $251.28 and its two-hundred day simple moving average is $240.86. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.
Insider Buying and Selling
In other news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Randy Shefman sold 1,000 shares of the firm’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 directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,573 shares of company stock valued at $2,370,831 over the last quarter. Company insiders own 0.35% of the company’s stock.
Analyst Upgrades and Downgrades
RGLD has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Scotiabank downgraded 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. Finally, National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $273.64.
View Our Latest Research Report on Royal Gold
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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