Groupe la Francaise Has $10.28 Million Stock Holdings in Royal Gold, Inc. $RGLD

Groupe la Francaise lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 80.0% during the first quarter, HoldingsChannel reports. The firm owned 40,500 shares of the basic materials company’s stock after buying an additional 18,000 shares during the quarter. Groupe la Francaise’s holdings in Royal Gold were worth $10,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC increased its position in shares of Royal Gold by 4.2% in the 1st quarter. McIlrath & Eck LLC now owns 2,142 shares of the basic materials company’s stock valued at $545,000 after buying an additional 86 shares in the last quarter. Flax Pond Capital LLC lifted its holdings in Royal Gold by 6.4% during the first quarter. Flax Pond Capital LLC now owns 18,340 shares of the basic materials company’s stock worth $4,667,000 after acquiring an additional 1,100 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Royal Gold by 2.4% during the first quarter. Janus Henderson Group PLC now owns 37,767 shares of the basic materials company’s stock worth $9,613,000 after acquiring an additional 900 shares in the last quarter. Bull Harbor Capital LLC acquired a new position in Royal Gold in the first quarter valued at about $544,000. Finally, Parvin Asset Management LLC grew its stake in Royal Gold by 3.3% in the first quarter. Parvin Asset Management LLC now owns 10,855 shares of the basic materials company’s stock valued at $2,762,000 after acquiring an additional 343 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Scotiabank reiterated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Royal Bank Of Canada lowered their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Jefferies Financial Group dropped their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and a consensus price target of $280.27.

Royal Gold Stock Up 3.9%

Shares of RGLD stock opened at $203.04 on Friday. Royal Gold, Inc. has a 1 year low of $150.99 and a 1 year high of $306.25. The firm has a market capitalization of $17.23 billion, a P/E ratio of 24.20, a PEG ratio of 1.43 and a beta of 0.44. 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’s fifty day moving average price is $205.75 and its two-hundred day moving average price is $241.58.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.475 per share. 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 dividend payout ratio is currently 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.