World Investment Advisors Takes $1.10 Million Position in Royal Gold, Inc. $RGLD

World Investment Advisors purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,963 shares of the basic materials company’s stock, valued at approximately $1,103,000.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. Elyxium Wealth LLC bought a new position in Royal Gold in the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold in the 4th quarter valued at $27,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Royal Gold in the 3rd quarter valued at $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the 4th quarter valued at $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RGLD. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. 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. Finally, National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.70.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $214.82 on Monday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The firm has a market capitalization of $18.23 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.60 and a beta of 0.42. 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’s 50 day simple moving average is $232.70 and its 200 day simple moving average is $246.34.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s payout ratio is presently 22.65%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. This trade represents a 9.92% 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 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.