7,786 Shares in Royal Gold, Inc. $RGLD Bought by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,786 shares of the basic materials company’s stock, valued at approximately $1,981,000.

A number of other hedge funds also recently bought and sold shares of RGLD. Capital World Investors increased its stake in shares of Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after purchasing an additional 678,732 shares during the period. Vanguard Group Inc. boosted its stake in 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 valued at $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp boosted its stake in Royal Gold by 18.1% during 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 purchasing an additional 905,488 shares during the period. State Street Corp grew its holdings in Royal Gold by 11.9% in the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after buying an additional 396,778 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after buying an additional 78,344 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the firm’s 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 transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RGLD. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.70.

Royal Gold Stock Performance

Royal Gold stock opened at $214.82 on Monday. The business has a 50 day moving average price of $232.70 and a two-hundred day moving average price of $246.34. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market cap of $18.23 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be 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 is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

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.