3,488 Shares in Royal Gold, Inc. $RGLD Bought by CMT Capital Markets Trading GmbH

CMT Capital Markets Trading GmbH purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, HoldingsChannel reports. The firm purchased 3,488 shares of the basic materials company’s stock, valued at approximately $700,000.

Other large investors have also modified their holdings of the company. Prospera Financial Services Inc acquired a new stake in Royal Gold in the third quarter valued at approximately $1,068,000. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Royal Gold by 275.8% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new stake in Royal Gold in the 2nd quarter valued at $1,397,000. Ruffer LLP purchased a new stake in Royal Gold in the 3rd quarter worth $16,636,000. Finally, Campbell & CO Investment Adviser LLC raised its position in Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock worth $7,044,000 after acquiring an additional 29,927 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 4,173 shares of the company’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 completion of the sale, the director owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s 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 sale, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is owned by company insiders.

Royal Gold Stock Down 1.7%

Shares of NASDAQ RGLD opened at $276.47 on Friday. The stock has a market cap of $23.45 billion, a PE ratio of 40.60, a P/E/G ratio of 1.70 and a beta of 0.48. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 12-month low of $148.25 and a 12-month high of $306.25. The company has a 50-day moving average of $267.85 and a 200 day moving average of $218.90.

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 $360.85 million for 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 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. As a group, sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio is presently 27.90%.

Analyst Ratings Changes

Several equities analysts have issued reports on RGLD shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. TD Cowen lifted their price objective on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.50.

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.