2,656 Shares in Royal Gold, Inc. $RGLD Purchased by Mad River Investors

Mad River Investors purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, Holdings Channel reports. The fund purchased 2,656 shares of the basic materials company’s stock, valued at approximately $591,000. Royal Gold makes up 0.3% of Mad River Investors’ portfolio, making the stock its 21st biggest holding.

Several other institutional investors also recently added to or reduced their stakes in RGLD. SG Americas Securities LLC increased its position in Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after purchasing an additional 6,109 shares during the period. Louisbourg Investments Inc. purchased a new position in Royal Gold during the 4th quarter valued at about $3,938,000. Prospera Financial Services Inc purchased a new position in Royal Gold during the 3rd quarter valued at about $1,068,000. Ruffer LLP purchased a new position in Royal Gold during the 3rd quarter valued at about $16,636,000. Finally, Neuberger Berman Group LLC increased its position in Royal Gold by 22.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company’s stock valued at $27,056,000 after purchasing an additional 25,187 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $218.93 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a 50 day simple moving average of $249.06 and a two-hundred day simple moving average of $241.48. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.83 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 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The business had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. As a group, analysts predict that Royal Gold, Inc. will post 11.65 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders 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 0.9%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 22.65%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred 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 completion of the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,573 shares of company stock valued at $2,370,831. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial lowered their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold 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.