3,392 Shares in Royal Gold, Inc. $RGLD Purchased by Inceptionr LLC

Inceptionr LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 3,392 shares of the basic materials company’s stock, valued at approximately $863,000.

A number of other institutional investors have also recently bought and sold shares of RGLD. Louisbourg Investments Inc. acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $3,938,000. SG Americas Securities LLC grew its position in Royal Gold by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after buying an additional 6,109 shares in the last quarter. Plancorp LLC grew its position in Royal Gold by 69.8% during the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after buying an additional 5,646 shares in the last quarter. Bar Harbor Wealth Management acquired a new stake in Royal Gold during the fourth quarter worth approximately $7,916,000. Finally, World Investment Advisors bought a new position in Royal Gold during the 4th quarter worth $1,024,000. Institutional investors own 83.65% of the company’s stock.

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 0.7%

Shares of RGLD opened at $200.96 on Friday. The firm has a 50 day simple moving average of $207.65 and a two-hundred day simple moving average of $242.75. 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 one year low of $150.75 and a one year high of $306.25. The company has a market cap of $17.05 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.37 and a beta of 0.44.

Royal Gold Dividend Announcement

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

Analysts Set New Price Targets

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

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.