Royal Gold, Inc. $RGLD Shares Sold by Inceptionr LLC

Inceptionr LLC lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 64.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,786 shares of the basic materials company’s stock after selling 5,160 shares during the quarter. Inceptionr LLC’s holdings in Royal Gold were worth $559,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RGLD. AQR Capital Management LLC raised its position in shares of Royal Gold by 8.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock worth $319,140,000 after purchasing an additional 137,524 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Royal Gold by 3.6% in the second quarter. Geode Capital Management LLC now owns 1,751,136 shares of the basic materials company’s stock valued at $311,457,000 after purchasing an additional 61,352 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Gold by 9.4% in the third quarter. Dimensional Fund Advisors LP now owns 993,265 shares of the basic materials company’s stock valued at $199,218,000 after purchasing an additional 85,722 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Royal Gold by 19.5% in the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock valued at $165,095,000 after purchasing an additional 151,492 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Royal Gold by 52.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock worth $148,173,000 after buying an additional 286,268 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on RGLD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research note on Monday, January 26th. TD Cowen raised their price target on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has 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 target price of $251.50.

Insider Buying and Selling at Royal Gold

In related news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.49% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $281.69 on Wednesday. The firm has a 50-day simple moving average of $271.05 and a two-hundred day simple moving average of $221.86. The stock has a market cap of $23.89 billion, a PE ratio of 41.36, a P/E/G ratio of 1.70 and a beta of 0.48. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The business’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 27.90%.

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.