Signature Estate & Investment Advisors LLC Raises Stock Holdings in Royal Gold, Inc. $RGLD

Signature Estate & Investment Advisors LLC raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,682 shares of the basic materials company’s stock after purchasing an additional 2,910 shares during the period. Signature Estate & Investment Advisors LLC owned 0.13% of Royal Gold worth $25,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RGLD. Van ECK Associates Corp lifted its holdings in Royal Gold by 104.1% during the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after purchasing an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares in the last quarter. State Street Corp lifted its holdings in Royal Gold by 5.4% during the third quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock valued at $666,300,000 after purchasing an additional 170,430 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Royal Gold by 17.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 981,548 shares of the basic materials company’s stock valued at $196,879,000 after purchasing an additional 148,367 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Royal Gold by 33.9% during the fourth quarter. Swedbank AB now owns 567,727 shares of the basic materials company’s stock valued at $126,200,000 after purchasing an additional 143,598 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGLD. 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. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, National Bank Financial decreased their price target on shares of 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Check Out Our Latest Stock Report on Royal Gold

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold 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 in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction on Thursday, March 12th. The shares were 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 $5,508,417.69. This represents a 9.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,400 shares of company stock worth $1,214,618 over the last quarter. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of RGLD stock opened at $222.33 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The firm’s 50-day moving average is $246.70 and its two-hundred day moving average is $242.13. 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 $18.87 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The firm had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same period last year, the firm earned $1.63 earnings per share. Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post 11.55 earnings per share for the current year.

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 $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

About Royal Gold

(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)

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.