Royal Gold, Inc. $RGLD Stock Holdings Lessened by Findlay Park Partners LLP

Findlay Park Partners LLP lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,176,330 shares of the basic materials company’s stock after selling 21,400 shares during the period. Royal Gold comprises about 2.5% of Findlay Park Partners LLP’s portfolio, making the stock its 11th largest holding. Findlay Park Partners LLP’s holdings in Royal Gold were worth $235,948,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Caldwell Trust Co purchased a new stake in shares of Royal Gold during the second quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after buying an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Royal Gold during the third quarter valued at about $50,000. Spire Wealth Management acquired a new position in shares of Royal Gold in the third quarter worth about $64,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Royal Gold by 248.9% in the third quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 229 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RGLD has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group restated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Raymond James Financial set a $264.00 price target on Royal Gold in a research report on Thursday, November 6th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.50.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction that occurred on 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 completion of the sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. The trade was a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $299.79 on Friday. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 44.02, a P/E/G ratio of 0.92 and a beta of 0.49. Royal Gold, Inc. has a 1 year low of $142.95 and a 1 year high of $306.25. 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 business has a fifty day simple moving average of $263.60 and a 200 day simple moving average of $215.72.

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). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the previous year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was up 85.2% on a year-over-year basis. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.6%. Royal Gold’s dividend payout ratio is currently 27.90%.

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.