Kopernik Global Investors LLC Lowers Position in Royal Gold, Inc. $RGLD

Kopernik Global Investors LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 58.9% during the 1st quarter, Holdings Channel reports. The fund owned 86,159 shares of the basic materials company’s stock after selling 123,519 shares during the period. Royal Gold comprises about 1.5% of Kopernik Global Investors LLC’s portfolio, making the stock its 19th largest position. Kopernik Global Investors LLC’s holdings in Royal Gold were worth $21,927,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RGLD. Elyxium Wealth LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold in the 4th quarter worth approximately $27,000. Trust Co. of Toledo NA OH bought a new position in shares of Royal Gold during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC bought a new position in shares of Royal Gold during the fourth quarter valued at approximately $30,000. Finally, Bank & Trust Co increased its holdings in Royal Gold by 600.0% during the fourth 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 during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 3.7%

Shares of Royal Gold stock opened at $201.26 on Thursday. The firm’s 50 day moving average price is $209.01 and its 200-day moving average price is $243.20. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a market cap of $17.08 billion, a P/E ratio of 23.99, a PEG ratio of 1.33 and a beta of 0.44.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Analysts Set New Price Targets

A number of brokerages recently commented on RGLD. Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. UBS Group cut their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.27.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The shares were 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 of the company’s stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

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.