Private Advisor Group LLC Acquires 3,716 Shares of Royal Gold, Inc. $RGLD

Private Advisor Group LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,240 shares of the basic materials company’s stock after acquiring an additional 3,716 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Gold were worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Royal Gold in the 4th quarter worth $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold during the fourth quarter valued at about $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold in the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in shares of Royal Gold during the 4th quarter valued at about $30,000. Finally, Bank & Trust Co lifted its position in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on RGLD. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. UBS Group dropped their price target on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group decreased their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $280.30.

Royal Gold Price Performance

RGLD traded down $4.38 during trading on Tuesday, reaching $197.53. 93,623 shares of the company traded hands, compared to its average volume of 930,836. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The firm has a fifty day simple moving average of $219.86 and a 200 day simple moving average of $246.05. The company has a market cap of $16.76 billion, a P/E ratio of 23.55, a PEG ratio of 1.52 and a beta of 0.44.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors 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 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is currently 22.65%.

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.