ING Groep NV Takes $1.11 Million Position in Royal Gold, Inc. $RGLD

ING Groep NV bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,000 shares of the basic materials company’s stock, valued at approximately $1,111,000.

Other hedge funds also recently modified their holdings of the company. Greenleaf Trust raised its stake in Royal Gold by 2.9% in the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock valued at $342,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC grew its stake in Royal Gold by 34.1% during the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after buying an additional 46 shares in the last quarter. Parcion Private Wealth LLC increased its holdings in Royal Gold by 2.9% in the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock valued at $378,000 after buying an additional 48 shares during the period. Avidian Wealth Enterprises LLC raised its position in shares of Royal Gold by 2.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock valued at $598,000 after buying an additional 54 shares in the last quarter. Finally, Compound Planning Inc. raised its position in shares of Royal Gold by 4.4% in the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock valued at $264,000 after buying an additional 56 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.70.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $197.07 on Thursday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.52 and a beta of 0.41. The firm has a 50 day simple moving average of $239.42 and a 200 day simple moving average of $245.48.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

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.