Oxbow Advisors LLC Sells 26,919 Shares of Royal Gold, Inc. $RGLD

Oxbow Advisors LLC lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 31.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,154 shares of the basic materials company’s stock after selling 26,919 shares during the quarter. Royal Gold comprises 1.1% of Oxbow Advisors LLC’s portfolio, making the stock its 16th largest holding. Oxbow Advisors LLC’s holdings in Royal Gold were worth $12,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in Royal Gold during the third quarter valued at approximately $29,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold in the 4th quarter valued at $30,000. Bank & Trust Co grew its position in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing 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 third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 168 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RGLD. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday, January 26th. National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Stock Up 2.6%

RGLD opened at $238.78 on Friday. The business’s fifty day simple moving average is $257.38 and its 200 day simple moving average is $238.48. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The company has a quick ratio of 2.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market cap of $20.26 billion, a PE ratio of 28.46, a P/E/G ratio of 1.88 and a beta of 0.43.

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 (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The firm had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same period last year, the firm earned $1.63 EPS. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. As a group, research analysts expect that Royal Gold, Inc. will post 11.65 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s payout ratio is presently 22.65%.

Insider Activity

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 6,129 shares in the company, valued at $1,698,162.03. This represents a 40.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,573 shares of company stock valued at $2,127,091. Corporate insiders own 0.35% of the company’s stock.

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.