Verition Fund Management LLC Purchases 4,852 Shares of Royal Gold, Inc. $RGLD

Verition Fund Management LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 210,644 shares of the basic materials company’s stock after purchasing an additional 4,852 shares during the quarter. Verition Fund Management LLC’s holdings in Royal Gold were worth $46,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in Royal Gold during the 4th quarter worth about $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Royal Gold during the third quarter worth approximately $29,000. Trust Co. of Toledo NA OH acquired a new position in Royal Gold in the fourth quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Royal Gold during the 4th quarter worth $30,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a legal filing 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 NASDAQ RGLD opened at $207.57 on Monday. The company has a fifty day moving average price of $237.29 and a 200 day moving average price of $245.73. The firm has a market cap of $17.62 billion, a PE ratio of 24.74, a PEG ratio of 1.54 and a beta of 0.42. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent research reports. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

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.