Royal Gold, Inc. $RGLD Stake Lifted by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 210.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,196 shares of the basic materials company’s stock after purchasing an additional 38,761 shares during the period. Intech Investment Management LLC owned approximately 0.09% of Royal Gold worth $11,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Caldwell Trust Co bought a new stake in shares of Royal Gold in the 2nd quarter worth $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in Royal Gold in the third quarter worth about $50,000. Spire Wealth Management acquired a new stake in Royal Gold in the 3rd quarter valued at about $64,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Royal Gold by 248.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 229 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Activity

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.

Royal Gold Price Performance

RGLD opened at $294.38 on Friday. The firm has a market capitalization of $24.97 billion, a P/E ratio of 43.23, a PEG ratio of 0.90 and a beta of 0.49. The stock has a fifty day moving average of $262.15 and a 200-day moving average of $214.82. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 12-month low of $142.95 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio is 27.90%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Scotiabank downgraded 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. Raymond James Financial set a $264.00 target price on Royal Gold in a report on Thursday, November 6th. Finally, TD Cowen boosted their target price on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $251.50.

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.