C WorldWide Group Holding A S Sells 7,240 Shares of Royal Gold, Inc. $RGLD

C WorldWide Group Holding A S reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,785 shares of the basic materials company’s stock after selling 7,240 shares during the quarter. C WorldWide Group Holding A S’s holdings in Royal Gold were worth $5,544,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RGLD. Vanguard Group Inc. lifted its position in shares of Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the last quarter. Capital International Investors acquired a new stake in Royal Gold in the 4th quarter valued at approximately $332,026,000. Van ECK Associates Corp grew its holdings in Royal Gold by 18.1% in the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after buying an additional 905,488 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Royal Gold by 89.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after buying an additional 874,329 shares during the period. Finally, Nuveen LLC increased its position in Royal Gold by 457.5% in the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock worth $205,820,000 after buying an additional 759,810 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of research analyst reports. UBS Group cut their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Scotiabank restated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday. 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 research report on Monday, July 6th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.27.

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction dated 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 approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $191.18 on Friday. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.36 and a beta of 0.44. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The business has a fifty day simple moving average of $213.06 and a 200 day simple moving average of $244.06. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is currently 22.65%.

About Royal Gold

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.