Edgestream Partners L.P. Decreases Position in Royal Gold, Inc. $RGLD

Edgestream Partners L.P. lessened its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 47.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,045 shares of the basic materials company’s stock after selling 6,470 shares during the period. Edgestream Partners L.P.’s holdings in Royal Gold were worth $1,793,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold in the 4th quarter valued at approximately $27,000. Scarborough Advisors LLC bought a new position in Royal Gold in the 1st quarter valued at approximately $32,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the 4th quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in Royal Gold during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank Of Canada reduced their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group lowered their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Scotiabank reissued a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $280.27.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction 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 represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is owned by insiders.

Royal Gold Price Performance

Shares of RGLD opened at $202.04 on Tuesday. The firm has a market cap of $17.15 billion, a PE ratio of 24.08, a P/E/G ratio of 1.45 and a beta of 0.44. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $204.95 and a two-hundred day simple moving average of $240.87. Royal Gold, Inc. has a 1-year low of $154.32 and a 1-year high of $306.25.

Royal Gold Dividend Announcement

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

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.