Stephens Inc. AR Increases Stock Holdings in Royal Gold, Inc. $RGLD

Stephens Inc. AR boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 51.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,995 shares of the basic materials company’s stock after acquiring an additional 12,867 shares during the quarter. Stephens Inc. AR’s holdings in Royal Gold were worth $9,669,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Greenleaf Trust lifted its holdings in Royal Gold by 2.9% during the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock valued at $342,000 after purchasing an additional 43 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares in the last quarter. WPG Advisers LLC raised its position in shares of Royal Gold by 34.1% during the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares during the last quarter. Parcion Private Wealth LLC raised its position in shares of Royal Gold by 2.9% during the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 48 shares during the last quarter. Finally, Strs Ohio lifted its stake in Royal Gold by 0.6% in the 1st quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after buying an additional 48 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Down 2.1%

Royal Gold stock traded down $4.29 during trading on Tuesday, reaching $197.62. 132,672 shares of the company were exchanged, compared to its average volume of 931,056. The stock’s 50 day simple moving average is $219.86 and its two-hundred day simple moving average is $246.05. The company has a market capitalization of $16.77 billion, a P/E ratio of 23.52, a PEG ratio of 1.52 and a beta of 0.44. 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, 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 declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is currently 22.65%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Jefferies Financial Group reduced their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday. National Bank Financial decreased their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, UBS Group dropped their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $280.30.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

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.