Royal Gold, Inc. $RGLD Position Lowered by Leonteq Securities AG

Leonteq Securities AG trimmed its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 85.5% in the first quarter, Holdings Channel reports. The firm owned 1,232 shares of the basic materials company’s stock after selling 7,253 shares during the quarter. Leonteq Securities AG’s holdings in Royal Gold were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in Royal Gold during the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the 4th quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Royal Gold in the 3rd quarter worth approximately $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at approximately $30,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

NASDAQ:RGLD opened at $204.13 on Monday. 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 $220.84 and a 200-day moving average of $246.16. The firm has a market capitalization of $17.32 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.44. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend 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%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of several research reports. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. National Bank Financial decreased 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. UBS Group lowered their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $276.20.

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.