Meiji Yasuda Asset Management Co Ltd. Reduces Stock Position in Royal Gold, Inc. $RGLD

Meiji Yasuda Asset Management Co Ltd. reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,981 shares of the basic materials company’s stock after selling 2,299 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Royal Gold were worth $5,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Greenleaf Trust grew its stake in shares of Royal Gold by 2.9% in the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after buying an additional 43 shares in the last quarter. WPG Advisers LLC grew its stake in shares of Royal Gold by 34.1% in the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after buying an additional 46 shares in the last quarter. Parcion Private Wealth LLC grew its stake in shares of Royal Gold by 2.9% in the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after buying an additional 48 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Royal Gold by 2.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock worth $598,000 after buying an additional 54 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in shares of Royal Gold by 4.4% in the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after buying an additional 56 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction dated 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 owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,400 shares of company stock worth $1,214,618. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 note on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Price Performance

Royal Gold stock opened at $220.29 on Friday. The firm has a 50-day moving average price of $245.59 and a 200-day moving average price of $241.98. The firm has a market capitalization of $18.70 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.43. 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.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $310.83 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.Royal Gold’s revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. As a group, equities research analysts forecast that Royal Gold, Inc. will post 11.55 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

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.