Moors & Cabot Inc. Makes New $1.52 Million Investment in Royal Gold, Inc. $RGLD

Moors & Cabot Inc. purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,854 shares of the basic materials company’s stock, valued at approximately $1,524,000.

Other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Royal Gold during the fourth quarter worth $27,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Royal Gold in the third quarter valued at $29,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold in the fourth quarter valued at $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at $30,000. Finally, Bank & Trust Co grew its position in shares of Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

RGLD opened at $224.48 on Friday. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The business has a 50 day moving average price of $242.27 and a two-hundred day moving average price of $243.72. The company has a market capitalization of $19.05 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.43. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio is presently 22.65%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RGLD. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. National Bank Financial lowered their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,400 shares of company stock worth $1,214,618. Corporate 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.