Kestra Investment Management LLC Purchases 2,734 Shares of Royal Gold, Inc. $RGLD

Kestra Investment Management LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 74.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,423 shares of the basic materials company’s stock after purchasing an additional 2,734 shares during the period. Kestra Investment Management LLC’s holdings in Royal Gold were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Goldman Sachs Group Inc. grew its holdings in shares of Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after purchasing an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after purchasing an additional 1,072 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGLD. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, National Bank Financial reduced their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,400 shares of company stock worth $1,214,618 over the last ninety days. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD stock opened at $225.95 on Wednesday. The business’s 50 day simple moving average is $243.93 and its 200 day simple moving average is $243.18. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The stock has a market capitalization of $19.18 billion, a PE ratio of 26.93, a PEG ratio of 1.78 and a beta of 0.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold Dividend Announcement

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 issued a $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s dividend payout ratio is presently 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.