Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Has $454,000 Stake in Royal Gold, Inc. $RGLD

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 55.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the basic materials company’s stock after selling 2,500 shares during the period. Royal Gold comprises 1.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 22nd biggest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Royal Gold were worth $454,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RGLD. Goldman Sachs Group Inc. increased 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 worth $27,608,000 after buying an additional 84,206 shares in the last quarter. Focus Partners Wealth increased 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 worth $1,384,000 after buying an additional 2,876 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Royal Gold by 115.5% during the second quarter. M&T Bank Corp now owns 6,358 shares of the basic materials company’s stock worth $1,131,000 after buying an additional 3,407 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Royal Gold by 19.5% during the second quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock worth $165,095,000 after buying an additional 151,492 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Royal Gold by 243.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,889 shares of the basic materials company’s stock worth $336,000 after buying an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $260.58 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The firm has a market cap of $22.10 billion, a P/E ratio of 38.26, a P/E/G ratio of 1.57 and a beta of 0.55. The firm has a 50 day simple moving average of $267.93 and a 200 day simple moving average of $230.29. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $310.83 million during 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 business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s payout ratio is currently 27.90%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the sale, the director directly owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This represents a 40.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,573 shares of company stock valued at $2,127,091. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on RGLD shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Finally, Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus price target of $260.56.

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.