Royal Gold, Inc. $RGLD Stock Position Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 22.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 213,847 shares of the basic materials company’s stock after selling 62,219 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Royal Gold were worth $47,536,000 at the end of the most recent quarter.

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

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $206.07 on Friday. The business’s 50-day moving average price is $241.41 and its two-hundred day moving average price is $244.70. 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, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a market capitalization of $17.49 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41.

Royal Gold Dividend Announcement

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

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RGLD shares. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. National Bank Financial decreased 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

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.