Callan Family Office LLC Buys Shares of 3,419 Royal Gold, Inc. $RGLD

Callan Family Office LLC bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,419 shares of the basic materials company’s stock, valued at approximately $682,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RGLD. Bank of Nova Scotia lifted its stake in shares of Royal Gold by 2.9% in the first quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 43 shares during the period. Apollon Wealth Management LLC boosted its holdings in Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after buying an additional 44 shares in the last quarter. Hilltop Holdings Inc. grew its position in Royal Gold by 0.6% during the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after buying an additional 46 shares during the period. Compound Planning Inc. grew its position in Royal Gold by 3.3% during the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after buying an additional 47 shares during the period. Finally, Strs Ohio increased its holdings in Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after buying an additional 48 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $267.76 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $22.69 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. The firm has a 50-day moving average price of $212.06 and a two-hundred day moving average price of $236.44. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The company had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.81 earnings per share. As a group, research analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s payout ratio is currently 20.74%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.