PVG Asset Management Corp Invests $1.27 Million in Royal Gold, Inc. $RGLD

PVG Asset Management Corp bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the first quarter, according to its most recent filing with the SEC. The firm bought 4,998 shares of the basic materials company’s stock, valued at approximately $1,272,000.

Several other hedge funds have also bought and sold shares of RGLD. Axiom Investment Management LLC acquired a new position in Royal Gold during the first quarter worth $25,000. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the fourth quarter worth about $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold in the 4th quarter worth about $27,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Royal Gold during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

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

Analysts Set New Price Targets

Several analysts have recently commented on RGLD shares. UBS Group lowered their price objective on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Jefferies Financial Group decreased their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $280.27.

Royal Gold Stock Performance

NASDAQ RGLD opened at $198.35 on Monday. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.45 and a beta of 0.44. 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, Inc. has a one year low of $150.99 and a one year high of $306.25. The business’s fifty day moving average is $205.31 and its 200-day moving average is $241.23.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

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.