Gamco Investors INC. ET AL Boosts Position in Royal Gold, Inc. $RGLD

Gamco Investors INC. ET AL boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 44.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,730 shares of the basic materials company’s stock after buying an additional 8,185 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Royal Gold were worth $5,942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth boosted its holdings in Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Royal Gold by 43.0% in the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after purchasing an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after acquiring an additional 1,072 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 1,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares of the company’s stock, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the sale, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This represents a 9.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,573 shares of company stock worth $2,370,831 over the last three months. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RGLD. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, National Bank Financial cut their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Trading Down 3.2%

Shares of NASDAQ:RGLD opened at $218.93 on Wednesday. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The firm has a market capitalization of $18.58 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.83 and a beta of 0.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The business’s 50 day moving average price is $249.06 and its 200-day moving average price is $241.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The business had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter last year, the business earned $1.63 EPS. The company’s quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts forecast that Royal Gold, Inc. will post 11.65 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

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.