WINTON GROUP Ltd Takes $697,000 Position in Royal Gold, Inc. $RGLD

WINTON GROUP Ltd acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,476 shares of the basic materials company’s stock, valued at approximately $697,000.

Several other institutional investors have also recently made changes to their positions in RGLD. Caldwell Trust Co bought a new stake in Royal Gold during the 2nd quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in Royal Gold by 33.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Royal Gold during the 3rd quarter valued at approximately $50,000. Spire Wealth Management purchased a new stake in Royal Gold during the 3rd quarter valued at approximately $64,000. Finally, Smartleaf Asset Management LLC grew its holdings in Royal Gold by 248.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. TD Cowen lifted their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research note on Sunday, December 7th. Finally, 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 report on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $251.50.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, 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 value of $1,156,213.11. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,573 shares of company stock worth $2,127,091 over the last 90 days. 0.49% of the stock is owned by insiders.

Royal Gold Price Performance

NASDAQ:RGLD traded down $6.76 during trading hours on Friday, reaching $263.07. The stock had a trading volume of 170,316 shares, compared to its average volume of 939,155. The stock has a market capitalization of $22.31 billion, a PE ratio of 38.89, a PEG ratio of 1.66 and a beta of 0.48. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The company has a 50 day moving average price of $273.07 and a two-hundred day moving average price of $222.57. 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 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 net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 85.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

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.