Quantinno Capital Management LP Buys 8,509 Shares of Royal Gold, Inc. $RGLD

Quantinno Capital Management LP increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 23.2% in the first quarter, Holdings Channel.com reports. The firm owned 45,254 shares of the basic materials company’s stock after buying an additional 8,509 shares during the quarter. Quantinno Capital Management LP’s holdings in Royal Gold were worth $11,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after buying an additional 1,681,577 shares during the last quarter. Capital International Investors bought a new position in shares of Royal Gold in the 4th quarter valued at $332,026,000. Van ECK Associates Corp lifted its stake in shares of Royal Gold by 18.1% in the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after acquiring an additional 905,488 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Royal Gold by 89.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after acquiring an additional 874,329 shares in the last quarter. Finally, Nuveen LLC boosted its holdings in shares of Royal Gold by 457.5% during the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after acquiring an additional 759,810 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.9%

NASDAQ RGLD opened at $202.04 on Tuesday. The firm has a market capitalization of $17.15 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.44. The business’s 50-day moving average price is $204.95 and its two-hundred day moving average price is $240.87. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12 month low of $154.32 and a 12 month high of $306.25.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 2nd. Royal Gold’s payout ratio is currently 22.65%.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of the company’s 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 sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research reports. National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. UBS Group cut their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Jefferies Financial Group reduced their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus target price of $280.27.

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.