Capital International Sarl Raises Stock Position in Royal Gold, Inc. $RGLD

Capital International Sarl grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 237.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,091 shares of the basic materials company’s stock after buying an additional 40,171 shares during the period. Capital International Sarl’s holdings in Royal Gold were worth $12,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Greenleaf Trust boosted its stake in shares of Royal Gold by 2.9% during the 4th quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC boosted its stake in shares of Royal Gold by 34.1% during the 4th quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 46 shares during the period. Parcion Private Wealth LLC boosted its stake in shares of Royal Gold by 2.9% during the 4th quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 48 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in shares of Royal Gold by 2.0% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock worth $598,000 after purchasing an additional 54 shares during the period. Finally, Compound Planning Inc. boosted its stake in shares of Royal Gold by 4.4% during the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after purchasing an additional 56 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Down 6.4%

NASDAQ:RGLD opened at $206.07 on Friday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The firm has a market cap of $17.49 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.53 and a beta of 0.41. The firm has a 50-day simple moving average of $241.41 and a 200-day simple moving average of $244.70.

Royal Gold Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were 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. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

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.