Royal Gold, Inc. $RGLD Shares Sold by Swedbank AB

Swedbank AB trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.0% in the 1st quarter, HoldingsChannel reports. The firm owned 522,081 shares of the basic materials company’s stock after selling 45,646 shares during the quarter. Swedbank AB’s holdings in Royal Gold were worth $132,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in Royal Gold in the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc purchased a new position in Royal Gold during the 4th quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold during the 3rd quarter valued at approximately $29,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Gold during the 4th quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $196.61 on Wednesday. The firm has a market cap of $16.69 billion, a PE ratio of 23.43, a P/E/G ratio of 1.50 and a beta of 0.44. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $218.74 and a 200 day moving average price of $245.87.

Royal Gold Dividend Announcement

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. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RGLD shares. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. UBS Group lowered their price target on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group cut their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, National Bank Financial decreased their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.30.

Insider Buying and Selling 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 transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently 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.