Pacer Advisors Inc. Grows Holdings in Royal Gold, Inc. $RGLD

Pacer Advisors Inc. increased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 36.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,267 shares of the basic materials company’s stock after buying an additional 3,574 shares during the period. Pacer Advisors Inc.’s holdings in Royal Gold were worth $3,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. increased its position in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares during the last quarter. Qube Research & Technologies Ltd grew its stake 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 worth $33,478,000 after purchasing an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake 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 buying an additional 1,072 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.4%

NASDAQ:RGLD opened at $218.11 on Friday. 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 1-year low of $162.02 and a 1-year high of $306.25. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.44. The stock has a fifty day simple moving average of $204.39 and a 200 day simple moving average of $239.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.86%. The company’s revenue was up 114.9% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Sell-side analysts forecast that Royal Gold, Inc. will post 10.38 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their price target 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 dropped their price objective 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. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. UBS Group decreased their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $280.27.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.