SG Americas Securities LLC Purchases 5,732 Shares of Royal Gold, Inc. $RGLD

SG Americas Securities LLC increased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 32.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,403 shares of the basic materials company’s stock after purchasing an additional 5,732 shares during the quarter. SG Americas Securities LLC’s holdings in Royal Gold were worth $5,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Royal Gold in the fourth quarter worth $27,000. Gen Wealth Partners Inc bought a new stake in shares of Royal Gold during the 4th quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold during the 4th quarter valued at $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the 4th quarter worth about $30,000. Finally, Bank & Trust Co grew its position in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after buying an additional 120 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGLD has been the subject of several research reports. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. National Bank Financial dropped 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 note on Friday, April 17th. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

Royal Gold Stock Performance

Royal Gold stock opened at $207.95 on Monday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The business’s fifty day moving average is $226.65 and its 200 day moving average is $246.56. The stock has a market capitalization of $17.65 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.54 and a beta of 0.42. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s payout ratio is presently 22.65%.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by insiders.

About Royal Gold

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.