Independent Financial Group LLC Invests $662,000 in Royal Gold, Inc. $RGLD

Independent Financial Group LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,601 shares of the basic materials company’s stock, valued at approximately $662,000.

A number of other hedge funds also recently made changes to their positions in RGLD. Elyxium Wealth LLC purchased a new position in Royal Gold in the fourth quarter worth $27,000. Gen Wealth Partners Inc purchased a new stake in Royal Gold during the fourth quarter valued at about $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the fourth quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in Royal Gold during the fourth quarter worth about $30,000. Finally, Bank & Trust Co boosted its holdings in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 120 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The stock was 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 owned 9,082 shares in the company, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $201.26 on Thursday. The company has a 50 day simple moving average of $209.01 and a two-hundred day simple moving average of $243.20. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.33 and a beta of 0.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on RGLD shares. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. National Bank Financial lowered 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. Scotiabank restated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, UBS Group lowered their target price on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $280.27.

Royal Gold 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.