Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,300 shares of the basic materials company’s stock after purchasing an additional 64,500 shares during the quarter. Gabelli Funds LLC owned about 0.46% of Royal Gold worth $36,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RGLD. Rakuten Securities Inc. acquired a new stake in shares of Royal Gold in the fourth quarter valued at $27,000. Larson Financial Group LLC grew its stake in shares of Royal Gold by 526.3% in the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $31,000. BKM Wealth Management LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $36,000. Finally, Lindbrook Capital LLC lifted its stake in Royal Gold by 414.9% during the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the sale, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the transaction, the senior vice president now owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RGLD. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. Scotiabank lifted their target price on shares of Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. BMO Capital Markets upped their price target on shares of Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group began coverage on Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has an average rating of “Hold” and an average target price of $142.13.

Royal Gold Stock Up 1.2 %

Shares of RGLD traded up $1.55 during midday trading on Wednesday, reaching $128.31. 298,619 shares of the stock were exchanged, compared to its average volume of 413,560. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 37.85, a P/E/G ratio of 1.08 and a beta of 0.91. The firm has a 50 day simple moving average of $124.93 and a 200-day simple moving average of $118.60. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $134.56. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. During the same quarter in the prior year, the business posted $0.96 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. Research analysts forecast that Royal Gold, Inc. will post 4.5 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, July 5th. Royal Gold’s payout ratio is 47.20%.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.