Royal Gold, Inc. $RGLD Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 51.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 37,995 shares of the basic materials company’s stock after purchasing an additional 12,867 shares during the quarter. Stephens Inc. AR’s holdings in Royal Gold were worth $9,669,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc purchased a new stake in Royal Gold in the fourth quarter valued at $27,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold in the 4th quarter valued at $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $30,000. Finally, Bank & Trust Co grew its holdings in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 120 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Royal Gold Trading Down 2.1%

NASDAQ RGLD traded down $4.29 during trading on Tuesday, hitting $197.62. The stock had a trading volume of 132,672 shares, compared to its average volume of 931,056. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $16.77 billion, a PE ratio of 23.52, a PEG ratio of 1.52 and a beta of 0.44. The firm has a 50 day moving average price of $219.86 and a 200 day moving average price of $246.05. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors 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 1.0%. Royal Gold’s payout ratio is 22.65%.

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 that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Royal Gold 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.