Swiss National Bank Grows Holdings in Royal Gold, Inc. $RGLD

Swiss National Bank raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,541 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the quarter. Swiss National Bank owned 0.20% of Royal Gold worth $42,892,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RGLD. Greenleaf Trust increased its stake in 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 during the period. Apollon Wealth Management LLC boosted its position in Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock valued at $739,000 after buying an additional 44 shares during the period. WPG Advisers LLC boosted its position in Royal Gold by 34.1% in the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after buying an additional 46 shares during the period. Parcion Private Wealth LLC grew its stake in 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 acquiring an additional 48 shares in the last quarter. Finally, Strs Ohio grew its stake in Royal Gold by 0.6% in the 1st quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock worth $2,191,000 after acquiring an additional 48 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reduced their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Jefferies Financial Group dropped their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Royal Bank Of Canada dropped their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.27.

Royal Gold Trading Up 3.7%

NASDAQ RGLD opened at $201.26 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.44. The company’s 50-day simple moving average is $209.01 and its two-hundred day simple moving average is $243.20. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

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.