Pacer Advisors Inc. Has $3.38 Million Position in Royal Gold, Inc. $RGLD

Pacer Advisors Inc. grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 36.9% during the 1st quarter, HoldingsChannel reports. The fund owned 13,267 shares of the basic materials company’s stock after acquiring an additional 3,574 shares during the period. Pacer Advisors Inc.’s holdings in Royal Gold were worth $3,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RGLD. Goldman Sachs Group Inc. increased its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after acquiring an additional 84,206 shares during the last quarter. Focus Partners Wealth boosted its position in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. boosted its position in Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Royal Gold by 43.0% in the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after purchasing an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Royal Gold by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after purchasing an additional 1,072 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 1.4%

RGLD opened at $218.11 on Friday. The business has a 50 day moving average of $204.39 and a 200-day moving average of $239.89. The stock has a market capitalization of $18.51 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.57 and a beta of 0.44. 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 $162.02 and a 1-year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.86%. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the previous year, the company earned $1.81 earnings per share. The business’s revenue was up 114.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 10.38 earnings per share for the current year.

Royal Gold Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on RGLD. UBS Group reduced their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group decreased their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada cut their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.