Manatuck Hill Partners LLC Takes $1.16 Million Position in Royal Gold, Inc. $RGLD

Manatuck Hill Partners LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,225 shares of the basic materials company’s stock, valued at approximately $1,161,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors boosted its position in shares of Royal Gold by 7.5% during the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after acquiring an additional 678,732 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $1,867,001,000 after buying an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp lifted its position in Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after buying an additional 905,488 shares during the last quarter. State Street Corp lifted its position in Royal Gold by 11.9% in the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock worth $826,618,000 after buying an additional 396,778 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 buying an additional 78,344 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

RGLD stock opened at $218.42 on Thursday. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $234.68 and its two-hundred day simple moving average is $246.16. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The firm has a market cap of $18.54 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.65 and a beta of 0.41.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a $0.475 dividend. 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 dividend payout ratio (DPR) is presently 22.65%.

Insiders Place Their Bets

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 value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RGLD shares. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Eight equities 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.