Private Advisor Group LLC Purchases 3,716 Shares of Royal Gold, Inc. $RGLD

Private Advisor Group LLC raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 17.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 25,240 shares of the basic materials company’s stock after purchasing an additional 3,716 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Gold were worth $6,423,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares in the last quarter. Vanguard Group Inc. raised its stake in Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares in the last quarter. Van ECK Associates Corp raised its stake in Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. State Street Corp lifted its position in Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after purchasing an additional 396,778 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Royal Gold by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after purchasing an additional 78,344 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. UBS Group lowered their price target on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $280.30.

Royal Gold Trading Down 2.2%

Royal Gold stock traded down $4.38 during midday trading on Tuesday, reaching $197.53. The stock had a trading volume of 93,623 shares, compared to its average volume of 930,836. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.52 and a beta of 0.44. The company has a fifty day moving average of $219.86 and a 200 day moving average of $246.05.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is currently 22.65%.

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 value of $243,740.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, 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.