Quantbot Technologies LP Purchases New Position in Royal Gold, Inc. $RGLD

Quantbot Technologies LP purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,692 shares of the basic materials company’s stock, valued at approximately $2,334,000.

Several other hedge funds have also recently bought and sold shares of RGLD. BlackRock Inc. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $2,177,865,000. Capital World Investors increased its position in shares of Royal Gold by 7.5% during the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after purchasing an additional 678,732 shares in the last quarter. Vanguard Group Inc. increased 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 in the last quarter. Van ECK Associates Corp increased its position in shares of Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. Finally, State Street Corp lifted its holdings in Royal Gold by 11.9% during the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after purchasing an additional 396,778 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RGLD shares. Scotiabank restated a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Jefferies Financial Group dropped their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Royal Bank Of Canada reduced their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $285.10.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares in the company, valued at $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Royal Gold Price Performance

RGLD opened at $263.75 on Tuesday. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The company’s 50 day simple moving average is $211.14 and its 200-day simple moving average is $236.43. The stock has a market capitalization of $22.35 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter in the previous year, the company posted $1.81 EPS. Royal Gold’s revenue was up 114.9% on a year-over-year basis. Sell-side analysts anticipate that Royal Gold, Inc. will post 10.32 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

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.