EFG International AG Acquires New Position in Royal Gold, Inc. $RGLD

EFG International AG acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,115 shares of the basic materials company’s stock, valued at approximately $2,219,000.

Other institutional investors have also recently bought and sold shares of the company. Axiom Investment Management LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at $25,000. Grove Bank & Trust grew its stake 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 period. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold in the fourth quarter valued at about $27,000. Finally, Scarborough Advisors LLC bought a new stake in Royal Gold in the first quarter valued at about $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 0.6%

NASDAQ:RGLD opened at $266.14 on Thursday. Royal Gold, Inc. has a 1 year low of $168.88 and a 1 year high of $306.25. The stock has a 50-day moving average price of $213.02 and a two-hundred day moving average price of $236.53. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.02 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 (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the firm posted $1.81 earnings per share. Royal Gold’s revenue was up 114.9% compared to the same quarter last year. As a group, equities analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RGLD. Royal Bank Of Canada reduced their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reissued a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Jefferies Financial Group lowered 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 note on Monday, July 6th. Finally, UBS Group increased their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $285.10.

About Royal Gold

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.