2,452 Royal Gold, Inc. $RGLD Shares Sold by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC cut its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 44.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,015 shares of the basic materials company’s stock after selling 2,452 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Royal Gold were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. BlackRock Inc. bought a new stake in Royal Gold during the second quarter worth about $2,177,865,000. Bank of New York Mellon Corp bought a new position in shares of Royal Gold in the second quarter valued at approximately $150,762,000. Findlay Park Partners LLP bought a new position in shares of Royal Gold in the second quarter valued at approximately $111,392,000. Bank of America Corp DE acquired a new position in shares of Royal Gold in the 2nd quarter worth approximately $88,124,000. Finally, Deutsche Bank AG acquired a new position in shares of Royal Gold in the 2nd quarter worth approximately $69,325,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Royal Gold

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Third-quarter revenue rose 84.4% year over year to about $464.8 million, ahead of estimates of roughly $459.8 million. EPS of $2.80 also exceeded the $2.77 consensus. Royal Gold Q3 results
• Positive Sentiment: Record operating cash flow and gold-equivalent sales, additional share repurchases, and the post-quarter repayment of debt highlight strong cash generation and a cleaner balance sheet. Royal Gold Q3 results
• Neutral Sentiment: Royal Gold outlined a roughly $43 million Kinross Great Bear royalty buyback that would reduce its net smelter return royalty to 1.5%. The proceeds provide near-term cash, though the lower royalty means less future exposure to the project. Great Bear royalty buyback
• Negative Sentiment: Scotiabank made a small reduction to its FY2027 EPS estimate, from $11.92 to $11.87, while maintaining a Sector Perform rating. Analyst estimate update

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RGLD shares. TD decreased their price target on Royal Gold from $315.00 to $311.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. Canadian Imperial Bank of Commerce set a $305.00 price objective on Royal Gold in a research report on Friday, October 16th. Raymond James Financial reissued an “outperform” rating and issued a $336.00 price objective on shares of Royal Gold in a research note on Tuesday, October 20th. UBS Group boosted their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada increased their target price on Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.56.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Royal Gold Trading Up 6.2%

RGLD opened at $261.28 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $22.14 billion, a PE ratio of 26.34, a PEG ratio of 1.78 and a beta of 0.46. Royal Gold, Inc. has a 1-year low of $169.54 and a 1-year high of $306.25. The firm has a 50-day moving average price of $244.43 and a two-hundred day moving average price of $241.22.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.03. Royal Gold had a net margin of 47.69% and a return on equity of 11.80%. The company had revenue of $464.77 million for the quarter, compared to analyst estimates of $459.84 million. During the same period in the prior year, the business earned $2.06 earnings per share. Royal Gold’s quarterly revenue was up 84.4% on a year-over-year basis. As a group, equities analysts anticipate that Royal Gold, Inc. will post 10.65 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were issued a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is currently 19.15%.

Royal Gold Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.