Jupiter Topco LLC Takes $7.54 Million Position in Royal Gold, Inc. $RGLD

Jupiter Topco LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,767 shares of the basic materials company’s stock, valued at approximately $7,541,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Royal Gold in the second quarter worth about $2,177,865,000. Capital World Investors grew its holdings in shares of Royal Gold by 7.5% during 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 during the last quarter. Van ECK Associates Corp raised its position in shares of Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after purchasing an additional 905,488 shares during the period. State Street Corp lifted its holdings in shares of Royal Gold by 11.9% in the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock worth $826,618,000 after purchasing an additional 396,778 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock worth $434,063,000 after purchasing an additional 78,344 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RGLD. Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. UBS Group increased their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada reduced their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group dropped their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $285.10.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $262.85 on Monday. Royal Gold, Inc. has a 12-month low of $168.88 and a 12-month high of $306.25. The company has a market cap of $22.27 billion, a PE ratio of 28.70, a P/E/G ratio of 1.98 and a beta of 0.44. The stock has a 50 day simple moving average of $215.06 and a 200-day simple moving average of $236.44. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm’s revenue was up 114.9% compared to the same quarter last year. During the same period last year, the firm earned $1.81 EPS. On average, equities research analysts forecast that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly owned 8,082 shares in the company, valued at $2,123,949.60. The trade was a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold 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.