Dimensional Fund Advisors LP Acquires 20,443 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Dimensional Fund Advisors LP increased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 591,132 shares of the basic materials company’s stock after purchasing an additional 20,443 shares during the period. Dimensional Fund Advisors LP’s holdings in Royal Gold were worth $71,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Royal Gold in the 4th quarter worth approximately $27,000. Larson Financial Group LLC lifted its holdings in shares of Royal Gold by 526.3% during the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Royal Gold in the fourth quarter worth $31,000. BKM Wealth Management LLC bought a new position in Royal Gold in the fourth quarter valued at $36,000. Finally, Lindbrook Capital LLC raised its position in Royal Gold by 414.9% during the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 307 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the transaction, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at $1,370,351. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Down 0.1 %

Shares of Royal Gold stock opened at $128.51 on Friday. The company’s 50 day moving average price is $122.37 and its 200-day moving average price is $117.52. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $134.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 1.08 and a beta of 0.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. Royal Gold’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. Equities research analysts forecast that Royal Gold, Inc. will post 4.51 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, July 5th. Royal Gold’s payout ratio is 47.20%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RGLD. Scotiabank upped their price objective on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday. Jefferies Financial Group initiated coverage on Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald lowered shares of Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, BMO Capital Markets increased their target price on shares of Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Hold” and an average target price of $142.13.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.