Caitlin John LLC Invests $616,000 in Royal Gold, Inc. $RGLD

Caitlin John LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,084 shares of the basic materials company’s stock, valued at approximately $616,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Axiom Investment Management LLC purchased a new stake in Royal Gold in the 1st quarter worth $25,000. Grove Bank & Trust lifted its holdings in Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Royal Gold during the fourth quarter valued at $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Royal Gold in the first quarter valued at about $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of research reports. Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada decreased their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. UBS Group lifted their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Scotiabank reiterated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group reduced their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $285.10.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Trading Up 1.1%

Shares of RGLD stock opened at $268.96 on Friday. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock’s fifty day moving average is $214.10 and its two-hundred day moving average is $236.55. The firm has a market capitalization of $22.79 billion, a P/E ratio of 29.36, a PEG ratio of 2.00 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Research analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm 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 is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s payout ratio is presently 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.