Pallas Capital Advisors LLC Takes Position in Royal Gold, Inc. $RGLD

Pallas Capital Advisors LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,355 shares of the basic materials company’s stock, valued at approximately $2,267,000.

A number of other large investors have also bought and sold shares of RGLD. Axiom Investment Management LLC bought a new position in Royal Gold in the 1st quarter valued at $25,000. Grove Bank & Trust grew its holdings in shares of Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold in the fourth quarter valued at $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Royal Gold in the first quarter valued at about $32,000. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a research note on Tuesday, July 14th. 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 lowered their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Hold” and a consensus target price of $285.10.

Royal Gold Stock Up 2.6%

Shares of NASDAQ RGLD opened at $236.62 on Tuesday. The firm has a market capitalization of $20.05 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.44. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a 1 year low of $166.51 and a 1 year high of $306.25. The firm’s 50-day moving average is $206.65 and its 200-day moving average is $237.32.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same period in the prior year, the business posted $1.81 earnings per share. Royal Gold’s revenue was up 114.9% compared to the same quarter last year. Equities analysts expect that Royal Gold, Inc. will post 10.33 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio is 20.74%.

Insider Buying and Selling at Royal Gold

In other 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 value of $107,925.00. Following the transaction, the senior vice president directly owned 8,582 shares in the company, 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 Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by company insiders.

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.