Gamco Investors INC. ET AL Sells 3,195 Shares of Royal Gold, Inc. $RGLD

Gamco Investors INC. ET AL decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 23,535 shares of the basic materials company’s stock after selling 3,195 shares during the period. Gamco Investors INC. ET AL’s holdings in Royal Gold were worth $5,989,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RGLD. Elyxium Wealth LLC purchased a new stake in shares of Royal Gold in the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc purchased a new position in Royal Gold during the fourth quarter valued at approximately $27,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold in the fourth quarter worth approximately $30,000. Finally, Scarborough Advisors LLC purchased a new stake in Royal Gold during the first quarter worth $32,000. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $200.96 on Monday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The stock has a fifty day moving average price of $207.65 and a 200-day moving average price of $242.85. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $17.06 billion, a PE ratio of 23.95, a P/E/G ratio of 1.38 and a beta of 0.44.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were 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 was Thursday, July 2nd. Royal Gold’s dividend payout ratio is currently 22.65%.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent research reports. Royal Bank Of Canada dropped their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Scotiabank restated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Jefferies Financial Group dropped 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, July 6th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and an average target price of $280.27.

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.