Royal Gold, Inc. $RGLD Stock Position Decreased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 93.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,621 shares of the basic materials company’s stock after selling 51,307 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Royal Gold were worth $726,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Prospera Financial Services Inc bought a new position in Royal Gold in the third quarter valued at approximately $1,068,000. Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Royal Gold by 275.8% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock worth $1,335,000 after acquiring an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Royal Gold during the second quarter worth $1,397,000. Ruffer LLP acquired a new position in Royal Gold during the 3rd quarter worth approximately $16,636,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Royal Gold by 576.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock worth $7,044,000 after acquiring an additional 29,927 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Up 1.2%

RGLD opened at $279.84 on Friday. The stock has a fifty day moving average of $268.78 and a 200-day moving average of $219.65. The company has a market capitalization of $23.73 billion, a P/E ratio of 41.09, a P/E/G ratio of 1.67 and a beta of 0.48. Royal Gold, Inc. has a fifty-two week low of $149.66 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data 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). The company had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.Royal Gold’s revenue was up 85.2% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s payout ratio is 27.90%.

Analyst Ratings Changes

RGLD has been the subject of a number of recent research reports. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Jefferies Financial Group reissued a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, TD Cowen boosted their price target on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

Insider Activity

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction 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 approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.49% of the company’s stock.

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.