18,753 Shares in Royal Gold, Inc. $RGLD Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,753 shares of the basic materials company’s stock, valued at approximately $4,772,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Greenleaf Trust grew its position in shares of Royal Gold by 2.9% during the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares in the last quarter. WPG Advisers LLC lifted its holdings in Royal Gold by 34.1% in the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in Royal Gold by 2.9% in the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 48 shares during the period. Finally, Strs Ohio boosted its stake in Royal Gold by 0.6% in the 1st quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock worth $2,191,000 after purchasing an additional 48 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $204.13 on Monday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The firm’s 50-day moving average price is $220.84 and its 200-day moving average price is $246.16. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.52 and a beta of 0.44.

Royal Gold Dividend Announcement

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 is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RGLD. National Bank Financial reduced their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group reduced their price target on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $276.20.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company 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.