Ullmann Wealth Partners Group LLC Purchases 2,510 Shares of Royal Gold, Inc. $RGLD

Ullmann Wealth Partners Group LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 85.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,432 shares of the basic materials company’s stock after purchasing an additional 2,510 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Royal Gold were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors raised its position in shares of Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares during the period. Vanguard Group Inc. raised its position in shares of 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 shares of 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 grew its stake in shares of 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 worth $666,300,000 after acquiring an additional 170,430 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Royal Gold by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock worth $434,063,000 after acquiring an additional 78,344 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by corporate insiders.

Royal Gold Trading Up 3.8%

Shares of Royal Gold stock opened at $204.57 on Friday. The company’s fifty day simple moving average is $238.43 and its 200-day simple moving average is $245.62. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.46 and a beta of 0.41. 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 1 year low of $150.75 and a 1 year high of $306.25.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RGLD shares. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial lowered 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 note on Friday, April 17th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.70.

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.