FNY Investment Advisers LLC Invests $810,000 in Royal Gold, Inc. $RGLD

FNY Investment Advisers LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the third quarter, HoldingsChannel reports. The fund acquired 4,040 shares of the basic materials company’s stock, valued at approximately $810,000.

A number of other hedge funds also recently made changes to their positions in RGLD. Encompass More Asset Management increased its holdings in Royal Gold by 4.2% in the 3rd quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 52 shares in the last quarter. Sowell Financial Services LLC lifted its holdings in Royal Gold by 4.0% during the third quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Royal Gold by 33.9% in the third 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. Compound Planning Inc. increased its stake in shares of Royal Gold by 4.4% in the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 56 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in shares of Royal Gold by 2.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock valued at $529,000 after purchasing an additional 59 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $242.52 on Thursday. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 1.48 and a beta of 0.48. The firm has a fifty day moving average price of $274.47 and a 200 day moving average price of $224.98. Royal Gold, Inc. has a fifty-two week low of $150.75 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 announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $360.85 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. As a group, sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s payout ratio is 27.90%.

Analyst Ratings Changes

Several brokerages recently weighed in on RGLD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research report on Monday, January 26th. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research report on Sunday, December 7th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.50.

Insider Transactions at Royal Gold

In related news, 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 value of $549,660.00. Following the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value 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. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,573 shares of company stock valued at $2,127,091. 0.49% of the stock is currently owned by insiders.

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.