Money Concepts Capital Corp Invests $2.49 Million in Royal Gold, Inc. $RGLD

Money Concepts Capital Corp acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,191 shares of the basic materials company’s stock, valued at approximately $2,488,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Royal Gold by 104.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after purchasing an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares in the last quarter. State Street Corp increased its position in shares of Royal Gold by 5.4% during the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after purchasing an additional 170,430 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Royal Gold by 17.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 981,548 shares of the basic materials company’s stock worth $196,879,000 after purchasing an additional 148,367 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Royal Gold by 33.9% during the 4th quarter. Swedbank AB now owns 567,727 shares of the basic materials company’s stock worth $126,200,000 after purchasing an additional 143,598 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Randy Shefman sold 1,000 shares of Royal Gold 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 transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. The trade was a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,573 shares of company stock worth $2,370,831 over the last quarter. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on RGLD. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial dropped 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 report on Friday, April 17th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold Stock Up 0.1%

Shares of NASDAQ RGLD opened at $245.35 on Wednesday. The firm has a market capitalization of $20.82 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.43. 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 1 year low of $150.75 and a 1 year high of $306.25. The firm’s 50-day moving average is $254.34 and its 200-day moving average is $239.66.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. Equities analysts expect that Royal Gold, Inc. will post 11.65 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

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.