Swedbank AB Has $126.20 Million Position in Royal Gold, Inc. $RGLD

Swedbank AB raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 567,727 shares of the basic materials company’s stock after purchasing an additional 143,598 shares during the quarter. Swedbank AB’s holdings in Royal Gold were worth $126,200,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Royal Gold in the third quarter valued at approximately $29,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $30,000. Bank & Trust Co grew its holdings in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Royal Gold by 8,400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 168 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the transaction, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’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 transaction of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,573 shares of company stock worth $2,127,091. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $236.88 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $258.49 and its two-hundred day simple moving average is $238.21. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The stock has a market capitalization of $20.10 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data 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 45.26% and a return on equity of 11.89%. The business had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. As a group, analysts predict that Royal Gold, Inc. will post 11.98 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s payout ratio is 27.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. National Bank Financial dropped their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

About Royal Gold

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.