Greenline Partners LLC Makes New $251,000 Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Greenline Partners LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,905 shares of the basic materials company’s stock, valued at approximately $251,000.

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in Royal Gold in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Royal Gold during the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp increased its position in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 293 shares during the last quarter. IFP Advisors Inc lifted its holdings in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 158 shares during the period. Finally, Human Investing LLC purchased a new position in Royal Gold in the fourth quarter worth $73,000. 83.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

RGLD has been the subject of several research analyst reports. Royal Bank of Canada decreased their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Raymond James raised their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. BMO Capital Markets started coverage on shares of Royal Gold in a research note on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 target price on the stock. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $166.00 to $189.00 in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Royal Gold Trading Up 3.2 %

RGLD opened at $184.36 on Friday. The company has a 50 day moving average of $168.07 and a 200 day moving average of $151.80. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The company has a market cap of $12.13 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company had revenue of $193.44 million during the quarter, compared to analysts’ expectations of $176.17 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, April 4th. Royal Gold’s dividend payout ratio is presently 29.80%.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.