Copeland Capital Management LLC Sells 27,561 Shares of Royal Gold, Inc. $RGLD

Copeland Capital Management LLC lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 19.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,847 shares of the basic materials company’s stock after selling 27,561 shares during the period. Copeland Capital Management LLC’s holdings in Royal Gold were worth $28,464,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Assetmark Inc. boosted its holdings in Royal Gold by 25.6% in the 1st quarter. Assetmark Inc. now owns 245 shares of the basic materials company’s stock worth $62,000 after buying an additional 50 shares during the period. Bessemer Group Inc. raised its holdings in Royal Gold by 3.3% during the 1st quarter. Bessemer Group Inc. now owns 2,459 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 78 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Royal Gold by 10.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 103,707 shares of the basic materials company’s stock valued at $27,415,000 after acquiring an additional 10,074 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Royal Gold during the first quarter worth $662,000. Finally, Cornerstone Advisory LLC purchased a new stake in shares of Royal Gold during the first quarter worth $305,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RGLD shares. National Bank Financial cut their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Scotiabank reissued a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a report on Tuesday. Jefferies Financial Group dropped their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada cut 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. Finally, UBS Group reduced their target price on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $280.27.

Royal Gold Stock Performance

NASDAQ RGLD opened at $189.17 on Friday. The company’s 50 day simple moving average is $212.07 and its two-hundred day simple moving average is $243.68. 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 1 year low of $150.75 and a 1 year high of $306.25. The stock has a market capitalization of $16.05 billion, a PE ratio of 22.55, a P/E/G ratio of 1.34 and a beta of 0.44.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is presently 22.65%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The stock was 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 trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company’s stock.

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.