IFP Advisors Inc Raises Stock Position in Royal Gold, Inc. $RGLD

IFP Advisors Inc boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 105.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,732 shares of the basic materials company’s stock after buying an additional 6,018 shares during the period. IFP Advisors Inc’s holdings in Royal Gold were worth $2,608,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after purchasing an additional 6,109 shares during the last quarter. Louisbourg Investments Inc. bought a new position in shares of Royal Gold during the 4th quarter valued at about $3,938,000. Prospera Financial Services Inc bought a new position in shares of Royal Gold during the 3rd quarter valued at about $1,068,000. Ruffer LLP bought a new position in shares of Royal Gold during the 3rd quarter valued at about $16,636,000. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Royal Gold by 22.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company’s stock valued at $27,056,000 after purchasing an additional 25,187 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on RGLD. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. National Bank Financial dropped their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,400 shares of company stock worth $1,214,618. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Trading Down 0.3%

RGLD opened at $222.33 on Friday. The firm has a market cap of $18.87 billion, a P/E ratio of 26.50, a P/E/G ratio of 1.81 and a beta of 0.43. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. 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 stock has a 50-day moving average of $246.70 and a 200 day moving average of $242.13.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results 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 company had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company’s revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, research analysts forecast that Royal Gold, Inc. will post 11.55 EPS for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

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.