Jefferies Financial Group Inc. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,972 shares of the basic materials company’s stock, valued at approximately $1,328,000.
A number of other institutional investors and hedge funds have also made changes to their positions in RGLD. Elyxium Wealth LLC purchased a new position in shares of Royal Gold in the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Royal Gold in the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of Royal Gold in the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new position in shares of Royal Gold in the 4th quarter worth $30,000. Finally, Bank & Trust Co grew its stake in shares of 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 in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
RGLD has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. National Bank Financial dropped their price objective on shares of 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 reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $273.64.
Royal Gold Price Performance
RGLD stock opened at $222.68 on Friday. 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. The company has a 50-day moving average price of $242.63 and a 200 day moving average price of $243.86. The stock has a market cap of $18.90 billion, a PE ratio of 26.54, a P/E/G ratio of 1.62 and a beta of 0.43.
Royal Gold Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.
Insider Buying and Selling
In related news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,400 shares of company stock valued at $1,214,618. Company insiders own 0.35% of the company’s stock.
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.
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