Royal Gold, Inc. $RGLD Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,280 shares of the basic materials company’s stock after purchasing an additional 3,112 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Royal Gold were worth $5,071,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RGLD. Goldman Sachs Group Inc. lifted its holdings in 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 valued at $27,608,000 after acquiring an additional 84,206 shares during the last quarter. Focus Partners Wealth increased its stake 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 worth $1,384,000 after acquiring an additional 2,876 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Royal Gold by 51.2% during the second quarter. Envestnet Asset Management Inc. now owns 22,791 shares of the basic materials company’s stock worth $4,053,000 after acquiring an additional 7,716 shares during the last quarter. Atria Investments Inc raised its position in Royal Gold by 29.2% in the second quarter. Atria Investments Inc now owns 1,792 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 405 shares during the period. Finally, Huntington National Bank raised its position in Royal Gold by 100.0% in the second quarter. Huntington National Bank now owns 406 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price target on shares of Royal Gold in a report on Sunday, December 7th. TD Cowen lifted their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and an average price target of $251.50.

Insider Activity at Royal Gold

In other news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the sale, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is owned by company insiders.

Royal Gold Trading Up 1.2%

Shares of RGLD stock opened at $279.84 on Monday. The company has a 50 day moving average price of $268.78 and a 200 day moving average price of $220.37. The stock has a market capitalization of $23.73 billion, a P/E ratio of 41.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold, Inc. has a fifty-two week low of $149.66 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $360.85 million for the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm’s revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. Equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

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.