Krilogy Financial LLC Lowers Stake in Royal Gold, Inc. $RGLD

Krilogy Financial LLC reduced its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 48.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,109 shares of the basic materials company’s stock after selling 1,995 shares during the period. Krilogy Financial LLC’s holdings in Royal Gold were worth $469,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of RGLD. Vermillion & White Wealth Management Group LLC purchased a new position in Royal Gold during the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new position in Royal Gold during the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold during the 4th quarter worth $30,000. Bank & Trust Co grew its position in 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 last quarter. Finally, Sunbelt Securities Inc. grew its position in Royal Gold by 8,400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 168 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Down 0.1%

RGLD stock opened at $251.25 on Friday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The stock has a market capitalization of $21.32 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The company has a fifty day moving average of $264.68 and a 200-day moving average of $235.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same quarter last year, the business posted $1.63 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. As a group, analysts expect that Royal Gold, Inc. will post 12.19 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 7,573 shares of company stock worth $2,127,091. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RGLD. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $273.64.

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.