Royal Gold, Inc. $RGLD Stock Holdings Increased by Royce & Associates LP

Royce & Associates LP boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 501.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 38,038 shares of the basic materials company’s stock after buying an additional 31,718 shares during the period. Royce & Associates LP’s holdings in Royal Gold were worth $8,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after acquiring an additional 2,547,076 shares during the period. Vanguard Group Inc. raised its position in shares of Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. State Street Corp raised its position 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 during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Royal Gold by 17.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 981,548 shares of the basic materials company’s stock worth $196,879,000 after purchasing an additional 148,367 shares during the period. Finally, Swedbank AB raised its position in shares of Royal Gold by 33.9% during the 4th quarter. Swedbank AB now owns 567,727 shares of the basic materials company’s stock worth $126,200,000 after purchasing an additional 143,598 shares during the period. 83.65% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on 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 in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% 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 have sold 4,400 shares of company stock worth $1,214,618. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RGLD shares. National Bank Financial dropped their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Stock Performance

RGLD opened at $222.68 on Friday. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.62 and a beta of 0.43. The business has a 50 day moving average price of $242.63 and a two-hundred day moving average price of $243.86. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) 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.