Royal Gold, Inc. $RGLD Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,109 shares of the basic materials company’s stock after selling 1,995 shares during the period. Krilogy Financial LLC’s holdings in Royal Gold were worth $469,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold during the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold during the 4th quarter worth $30,000. Bank & Trust Co lifted its position in shares of 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 purchasing an additional 120 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Royal Gold during the 3rd quarter worth $29,000. Finally, Sunbelt Securities Inc. lifted its position in shares of 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 purchasing an additional 168 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the sale, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction 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 sale, the director owned 6,129 shares in the company, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,573 shares of company stock worth $2,127,091 in the last ninety days. 0.35% of the stock is owned by corporate insiders.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $251.25 on Friday. The company’s fifty day moving average price is $264.68 and its 200 day moving average price is $235.87. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month 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. The firm has a market capitalization of $21.32 billion, a P/E ratio of 36.89, a P/E/G ratio of 1.51 and a beta of 0.55.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results 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). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. During the same quarter in the prior year, the business earned $1.63 earnings per share. Royal Gold’s revenue was up 85.2% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Gold, Inc. will post 12.19 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 27.90%.

Analyst Ratings Changes

Several research firms have recently issued reports on RGLD. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. National Bank Financial decreased their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday. Finally, Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.