2,353 Shares in Royal Gold, Inc. $RGLD Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,353 shares of the basic materials company’s stock, valued at approximately $470,000.

Several other institutional investors have also recently made changes to their positions in RGLD. Axiom Investment Management LLC purchased a new stake in Royal Gold during the first quarter valued at approximately $25,000. Grove Bank & Trust grew its position in shares of Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold in the 4th quarter worth $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Royal Gold in the 1st quarter worth $32,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RGLD shares. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Jefferies Financial Group cut their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Royal Bank Of Canada reduced their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Finally, UBS Group lifted their target price on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $285.10.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $248.14 on Thursday. The stock has a market cap of $21.02 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.73 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The stock has a 50 day moving average price of $208.19 and a 200-day moving average price of $236.52. Royal Gold, Inc. has a one year low of $167.28 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same quarter in the previous year, the company posted $1.81 EPS. The company’s revenue for the quarter was up 114.9% compared to the same quarter last year. Equities analysts expect that Royal Gold, Inc. will post 10.33 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s payout ratio is 20.74%.

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.