ProShare Advisors LLC Sells 44,045 Shares of Royal Gold, Inc. $RGLD

ProShare Advisors LLC decreased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 19.5% during the fourth quarter, Holdings Channel reports. The fund owned 181,355 shares of the basic materials company’s stock after selling 44,045 shares during the period. ProShare Advisors LLC’s holdings in Royal Gold were worth $40,313,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Royal Gold in the fourth quarter worth approximately $27,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold in the fourth quarter worth approximately $30,000. Bank & Trust Co raised its position in Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Royal Gold in the third quarter worth approximately $29,000. Institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RGLD shares. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research report on Monday, January 26th. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial lowered their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Insider Activity

In related news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the sale, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold 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 sale, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,573 shares of company stock valued at $2,370,831 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 3.2%

Shares of RGLD stock opened at $218.93 on Wednesday. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.83 and a beta of 0.43. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company’s fifty day moving average price is $249.06 and its 200-day moving average price is $241.48. 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 (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Sell-side analysts expect that Royal Gold, Inc. will post 11.65 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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

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.