McAlvany Wealth Management LLC Invests $10.09 Million in Royal Gold, Inc. $RGLD

McAlvany Wealth Management LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 45,393 shares of the basic materials company’s stock, valued at approximately $10,090,000. Royal Gold accounts for 7.7% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares during the last quarter. Focus Partners Wealth grew its position in Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after acquiring an additional 2,876 shares during the last quarter. Brown Advisory Inc. increased its stake in Royal Gold by 28.9% in the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after purchasing an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $280.70.

Royal Gold Stock Performance

RGLD stock opened at $214.82 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The business has a 50-day moving average price of $232.70 and a 200 day moving average price of $246.02. The company has a market capitalization of $18.23 billion, a P/E ratio of 25.60, a PEG ratio of 1.60 and a beta of 0.41. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25.

Royal Gold Dividend Announcement

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 dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.

Royal Gold Company 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.