Capital World Investors Raises Holdings in Royal Gold, Inc. $RGLD

Capital World Investors grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,733,807 shares of the basic materials company’s stock after purchasing an additional 678,732 shares during the quarter. Capital World Investors owned approximately 0.12% of Royal Gold worth $2,163,732,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RGLD. Elyxium Wealth LLC purchased a new stake in shares of Royal Gold in the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Royal Gold in the 3rd quarter worth $29,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold in the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the 4th quarter worth $30,000. Finally, Bank & Trust Co lifted 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 buying an additional 120 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Down 6.4%

NASDAQ:RGLD opened at $206.07 on Friday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The stock has a market capitalization of $17.49 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.53 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The company’s 50-day simple moving average is $241.41 and its 200-day simple moving average is $244.70.

Royal Gold Announces Dividend

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

Insider Transactions at Royal Gold

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 value of $243,740.00. Following the sale, the senior vice president directly owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Isto sold 2,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on RGLD. National Bank Financial lowered their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Finally, UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

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.