Royal Gold, Inc. $RGLD Shares Acquired by Plancorp LLC

Plancorp LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 69.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,732 shares of the basic materials company’s stock after purchasing an additional 5,646 shares during the period. Plancorp LLC’s holdings in Royal Gold were worth $3,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of RGLD. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Royal Gold in the 3rd quarter valued at about $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at about $30,000. Bank & Trust Co lifted its holdings in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,573 shares of company stock valued at $2,370,831. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RGLD has been the subject of several analyst reports. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a report on Monday, January 26th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. 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 analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold Price Performance

NASDAQ:RGLD opened at $244.99 on Thursday. The firm has a market cap of $20.79 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.43. The stock has a 50 day moving average of $253.15 and a two-hundred day moving average of $240.09. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. On average, analysts expect 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 issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is currently 22.65%.

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.