Danske Bank A S Trims Stock Holdings in Royal Gold, Inc. $RGLD

Danske Bank A S lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 59.1% in the fourth quarter, HoldingsChannel reports. The firm owned 11,778 shares of the basic materials company’s stock after selling 17,028 shares during the period. Danske Bank A S’s holdings in Royal Gold were worth $2,618,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RGLD. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold in the third quarter valued at about $29,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold during the 4th quarter worth approximately $30,000. Bank & Trust Co grew its position in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 168 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price for the company. in a research note on Monday, January 26th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial decreased their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,573 shares of company stock valued at $2,127,091 in the last 90 days. 0.35% of the stock is currently owned by corporate insiders.

Royal Gold Trading Down 1.1%

Shares of NASDAQ RGLD opened at $225.90 on Wednesday. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.43. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $259.46 and its 200 day simple moving average is $238.00.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. Royal Gold’s quarterly revenue was up 85.2% compared to the same quarter last year. Equities research analysts expect that Royal Gold, Inc. will post 12.5 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s payout ratio is 27.90%.

Royal Gold 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.