4,204 Shares in Royal Gold, Inc. $RGLD Acquired by Partners Group Holding AG

Partners Group Holding AG bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,204 shares of the basic materials company’s stock, valued at approximately $935,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors raised its position in Royal Gold by 1.0% in the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock valued at $1,816,267,000 after purchasing an additional 93,282 shares during the period. Vanguard Group Inc. raised its position in Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp raised its position in Royal Gold by 104.1% in the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after purchasing an additional 2,547,076 shares during the period. State Street Corp raised its position in Royal Gold by 5.4% in the third quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock valued at $666,300,000 after purchasing an additional 170,430 shares during the period. Finally, Northern Trust Corp raised its position in Royal Gold by 0.7% in the third quarter. Northern Trust Corp now owns 1,030,501 shares of the basic materials company’s stock valued at $206,698,000 after purchasing an additional 6,710 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the subject of a number of research reports. National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold Trading Down 3.2%

RGLD opened at $218.93 on Wednesday. The business has a fifty day moving average price of $249.06 and a 200 day moving average price of $241.48. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.83 and a beta of 0.43. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data 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). The business had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company’s revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 earnings per share. Sell-side analysts expect that Royal Gold, Inc. will post 11.65 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio is currently 22.65%.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,573 shares of company stock valued at $2,370,831. 0.35% of the stock is owned by insiders.

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.