Winmill & CO. Inc. Makes New Investment in Royal Gold, Inc. $RGLD

Winmill & CO. Inc. purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,400 shares of the basic materials company’s stock, valued at approximately $1,677,000.

A number of other institutional investors have also made changes to their positions in RGLD. Cibc World Market Inc. acquired a new position in Royal Gold in the second quarter valued at about $5,734,000. Sanctuary Advisors LLC acquired a new position in shares of Royal Gold during the 2nd quarter worth about $305,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Royal Gold during the 2nd quarter worth about $952,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $1,884,000. Finally, True Freedom Investing LLC bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $460,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $259.01 on Monday. The stock has a 50 day moving average price of $210.17 and a 200 day moving average price of $236.44. Royal Gold, Inc. has a 52 week low of $168.88 and a 52 week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock has a market capitalization of $21.95 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its 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 12.06%. The business had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same period in the previous year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 114.9% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post 10.32 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RGLD. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Jefferies Financial Group lowered 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. Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, UBS Group raised their price target on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $285.10.

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.