Swedbank AB Acquires 143,598 Shares of Royal Gold, Inc. $RGLD

Swedbank AB raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 33.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 567,727 shares of the basic materials company’s stock after buying an additional 143,598 shares during the period. Swedbank AB’s holdings in Royal Gold were worth $126,200,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Elyxium Wealth LLC bought a new position in shares of Royal Gold in the fourth quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Gold in the fourth quarter valued at $30,000. V Square Quantitative Management LLC bought a new position in shares of Royal Gold in the fourth quarter valued at $30,000. Bank & Trust Co grew its stake in shares of Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Royal Gold in the third quarter valued at $29,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. National Bank Financial decreased their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price for the company. in a research note on Monday, January 26th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Stock Performance

Royal Gold stock opened at $220.29 on Friday. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $245.59 and its two-hundred day moving average price is $241.98. The stock has a market cap of $18.70 billion, a PE ratio of 26.26, a P/E/G ratio of 1.78 and a beta of 0.43.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $425.47 million. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue was up 85.2% on a year-over-year basis. As a group, analysts expect that Royal Gold, Inc. will post 11.55 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is currently 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 dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold 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 transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,400 shares of company stock worth $1,214,618 over the last 90 days. Insiders own 0.35% of the company’s stock.

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.