Ullmann Wealth Partners Group LLC Has $1.21 Million Position in Royal Gold, Inc. $RGLD

Ullmann Wealth Partners Group LLC increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 85.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,432 shares of the basic materials company’s stock after purchasing an additional 2,510 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Royal Gold were worth $1,207,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $27,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth approximately $30,000. Bank & Trust Co boosted its holdings in shares of Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 120 shares during the period. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Royal Gold during the third quarter worth approximately $29,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred 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 of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial cut their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $280.70.

Royal Gold Price Performance

Shares of RGLD opened at $204.57 on Friday. The firm has a market cap of $17.36 billion, a PE ratio of 24.38, a PEG ratio of 1.46 and a beta of 0.41. The firm’s 50 day moving average price is $238.43 and its 200 day moving average price is $245.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold Dividend Announcement

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