4,650 Shares in Royal Gold, Inc. $RGLD Bought by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,650 shares of the basic materials company’s stock, valued at approximately $928,000.

Several other institutional investors also recently bought and sold shares of the stock. Capital World Investors lifted its position in 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 last quarter. Vanguard Group Inc. grew its holdings 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 worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of 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 purchasing an additional 905,488 shares during the last quarter. State Street Corp increased its stake in shares of 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 period. Finally, Geode Capital Management LLC raised its holdings in Royal Gold by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after buying an additional 78,344 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was 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 approximately $2,213,646.68. This 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 can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 2.0%

Shares of NASDAQ:RGLD opened at $206.03 on Wednesday. The firm has a market capitalization of $17.49 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The stock has a 50 day moving average price of $204.55 and a 200-day moving average price of $240.53. Royal Gold, Inc. has a 52-week low of $156.43 and a 52-week high of $306.25.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank reiterated a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. UBS Group lowered their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Jefferies Financial Group dropped their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.27.

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.