Friedenthal Financial Buys New Holdings in Royal Gold, Inc. $RGLD

Friedenthal Financial bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, HoldingsChannel.com reports. The firm bought 3,932 shares of the basic materials company’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also recently bought and sold shares of RGLD. Capital World Investors increased its holdings in Royal Gold by 7.5% in the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after buying an additional 678,732 shares during the period. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 1,681,577 shares during the period. Van ECK Associates Corp lifted its holdings in shares of 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 worth $1,311,607,000 after acquiring an additional 905,488 shares during the period. State Street Corp boosted its position in shares of Royal Gold by 11.9% during 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 acquiring an additional 396,778 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Royal Gold by 4.2% during 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 acquiring an additional 78,344 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Royal Gold Stock Down 2.1%

Shares of NASDAQ RGLD opened at $202.24 on Thursday. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The business has a fifty day moving average of $229.23 and a two-hundred day moving average of $246.47. The stock has a market cap of $17.16 billion, a PE ratio of 24.10, a PEG ratio of 1.53 and a beta of 0.41.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

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.