5,225 Shares in Royal Gold, Inc. $RGLD Acquired by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,225 shares of the basic materials company’s stock, valued at approximately $1,161,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. increased its holdings in Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after acquiring an additional 84,206 shares in the last quarter. Focus Partners Wealth increased its holdings in Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares in the last quarter. Brown Advisory Inc. increased its holdings in Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 796 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after acquiring an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Royal Gold by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after acquiring an additional 1,072 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Down 1.4%

Shares of RGLD opened at $218.42 on Thursday. 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, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a 50 day simple moving average of $234.68 and a two-hundred day simple moving average of $246.16. The firm has a market cap of $18.54 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.65 and a beta of 0.41.

Royal Gold Dividend Announcement

The company also recently announced 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. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio is currently 22.65%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RGLD. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.70.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president directly owned 9,082 shares in the company, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

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.