Gamco Investors INC. ET AL Sells 3,195 Shares of Royal Gold, Inc. $RGLD

Gamco Investors INC. ET AL reduced its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,535 shares of the basic materials company’s stock after selling 3,195 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Royal Gold were worth $5,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in shares of Royal Gold in the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc bought a new position in shares of Royal Gold during the 4th quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the 4th quarter valued at $30,000. V Square Quantitative Management LLC purchased a new stake in Royal Gold during the 4th quarter valued at $30,000. Finally, Scarborough Advisors LLC bought a new stake in Royal Gold in the first quarter worth $32,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD opened at $200.96 on Monday. The firm has a fifty day moving average price of $207.65 and a 200-day moving average price of $242.85. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $17.06 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.38 and a beta of 0.44. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25.

Royal Gold Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. UBS Group lowered their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. National Bank Financial decreased their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Jefferies Financial Group dropped their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and an average price target of $280.27.

Royal Gold Company 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.