GSA Capital Partners LLP Takes Position in Royal Gold, Inc. $RGLD

GSA Capital Partners LLP acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, Holdings Channel.com reports. The firm acquired 2,479 shares of the basic materials company’s stock, valued at approximately $495,000.

A number of other large investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth grew its position in Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares during the period. Brown Advisory Inc. lifted its stake in shares of Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd grew its holdings in 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 position in shares of Royal Gold by 4.6% during the 2nd 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. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research analyst reports. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. UBS Group upped their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group reduced their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $285.10.

Royal Gold Trading Up 2.6%

RGLD opened at $259.01 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25. The company has a market cap of $21.95 billion, a P/E ratio of 28.28, a PEG ratio of 1.90 and a beta of 0.44. The business’s 50-day simple moving average is $210.17 and its 200-day simple moving average is $236.60.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business’s revenue was up 114.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. As a group, equities research analysts expect that Royal Gold, Inc. will post 10.33 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.475 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s payout ratio is currently 20.74%.

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.