Leonteq Securities AG Takes Position in Royal Gold, Inc. $RGLD

Leonteq Securities AG acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,485 shares of the basic materials company’s stock, valued at approximately $1,886,000.

Other hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at about $27,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold during the fourth quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at about $30,000. Bank & Trust Co increased its holdings in shares of Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Royal Gold during the third quarter valued at about $29,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $222.33 on Friday. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company’s 50 day moving average is $246.70 and its 200 day moving average is $242.13. 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 company has a market cap of $18.87 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the prior year, the company posted $1.63 EPS. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold, Inc. will post 11.55 EPS for the current year.

Royal Gold Dividend Announcement

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

Insiders Place Their Bets

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 approximately $2,213,646.68. This represents a 9.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,400 shares of company stock worth $1,214,618. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RGLD. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a report on Monday, January 26th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Finally, National Bank Financial cut their price target on shares of 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $273.64.

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.