Cibc World Market Inc. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 322.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 95,463 shares of the basic materials company’s stock after purchasing an additional 72,852 shares during the period. Cibc World Market Inc.’s holdings in Royal Gold were worth $21,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp raised 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 worth $1,001,885,000 after purchasing an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. increased its holdings in Royal Gold by 25.0% in 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 buying an additional 1,681,577 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Royal Gold by 33.6% in the fourth quarter. Bank of New York Mellon Corp now owns 834,789 shares of the basic materials company’s stock valued at $185,565,000 after purchasing an additional 209,851 shares during the last quarter. State Street Corp increased its stake in shares of Royal Gold by 5.4% during the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after purchasing an additional 170,430 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position 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 worth $196,879,000 after buying an additional 148,367 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The SEC filing for this sale provides additional information. 0.35% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Report on Royal Gold
Royal Gold Stock Down 6.4%
RGLD stock opened at $206.07 on Friday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The firm has a market cap of $17.49 billion, a PE ratio of 24.56, a P/E/G ratio of 1.63 and a beta of 0.41. The firm has a 50 day simple moving average of $241.41 and a 200 day simple moving average of $244.70. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio is 22.65%.
Royal Gold Company 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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