Royal Gold, Inc. $RGLD Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 336.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,380 shares of the basic materials company’s stock after purchasing an additional 64,280 shares during the period. Renaissance Technologies LLC’s holdings in Royal Gold were worth $21,219,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Elyxium Wealth LLC bought a new position in Royal Gold during the 4th quarter valued at $27,000. Gen Wealth Partners Inc bought a new stake in shares of Royal Gold in the 4th quarter worth $27,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Gold in the first quarter valued at $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the fourth quarter valued at $30,000. Finally, V Square Quantitative Management LLC bought a new position in Royal Gold during the fourth quarter valued at about $30,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $195.48 on Thursday. The stock’s fifty day simple moving average is $206.14 and its 200 day simple moving average is $241.87. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.43 and a beta of 0.44. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 52-week low of $150.99 and a 52-week high of $306.25.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research analyst reports. UBS Group lowered their target price on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Finally, Jefferies Financial Group cut their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.27.

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.