Ellevest Inc. Has $998,000 Holdings in Royal Gold, Inc. $RGLD

Ellevest Inc. raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 337.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,490 shares of the basic materials company’s stock after buying an additional 3,463 shares during the quarter. Ellevest Inc.’s holdings in Royal Gold were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RGLD. Goldman Sachs Group Inc. raised its holdings in shares of Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares during the period. Focus Partners Wealth raised its holdings in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after purchasing an additional 2,876 shares during the period. Brown Advisory Inc. raised its holdings in shares of Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after purchasing an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several research reports. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, National Bank Financial lowered their target price 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. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

RGLD opened at $224.48 on Monday. 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 fifty-two week low of $150.75 and a fifty-two week high of $306.25. The firm has a market capitalization of $19.05 billion, a PE ratio of 26.76, a P/E/G ratio of 1.67 and a beta of 0.42. The company’s 50-day moving average is $242.27 and its 200 day moving average is $244.14.

Royal Gold Announces Dividend

The firm also recently announced 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. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio is currently 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.