Friedenthal Financial Makes New Investment in Royal Gold, Inc. $RGLD

Friedenthal Financial purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,932 shares of the basic materials company’s stock, valued at approximately $1,001,000.

A number of other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in Royal Gold in the 4th quarter valued at $27,000. Gen Wealth Partners Inc acquired a new position in Royal Gold during the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold during the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH acquired a new position in Royal Gold during the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new stake in Royal Gold during the fourth quarter valued at about $30,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $202.24 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The firm has a fifty day moving average price of $229.23 and a two-hundred day moving average price of $246.47. The company has a market cap of $17.16 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders 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 dividend yield of 0.9%. Royal Gold’s dividend payout ratio is currently 22.65%.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RGLD. UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial lowered their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Eight research 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, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.70.

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.