Northwestern Mutual Wealth Management Co. Makes New Investment in Royal Gold, Inc. $RGLD

Northwestern Mutual Wealth Management Co. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, Holdings Channel reports. The institutional investor bought 12,705 shares of the basic materials company’s stock, valued at approximately $2,536,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia raised its holdings in shares of Royal Gold by 2.9% in the first quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after buying an additional 43 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Royal Gold by 1.5% during the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after acquiring an additional 44 shares during the last quarter. Hilltop Holdings Inc. increased its position in Royal Gold by 0.6% in the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock valued at $1,891,000 after acquiring an additional 46 shares in the last quarter. Compound Planning Inc. increased its position in Royal Gold by 3.3% in the 1st quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 47 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock worth $2,191,000 after acquiring an additional 48 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on RGLD. Scotiabank restated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. UBS Group upped their price target on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $285.10.

Royal Gold Stock Up 1.8%

Shares of Royal Gold stock opened at $263.75 on Tuesday. The company has a market capitalization of $22.35 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The business has a 50-day moving average of $211.14 and a two-hundred day moving average of $236.43. Royal Gold, Inc. has a 1 year low of $168.88 and a 1 year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm’s revenue was up 114.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. As a group, equities analysts predict that Royal Gold, Inc. will post 10.32 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s dividend payout ratio is 20.74%.

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.