Savant Capital LLC Has $316,000 Stake in Royal Gold, Inc. $RGLD

Savant Capital LLC decreased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 95.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,422 shares of the basic materials company’s stock after selling 29,477 shares during the quarter. Savant Capital LLC’s holdings in Royal Gold were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital World Investors grew its position in shares of Royal Gold by 1.0% during the 3rd quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock worth $1,816,267,000 after buying an additional 93,282 shares during the period. Vanguard Group Inc. grew its position in Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp grew its position in Royal Gold by 104.1% in the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after purchasing an additional 2,547,076 shares during the period. State Street Corp grew its position in Royal Gold by 5.4% in the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock valued at $666,300,000 after purchasing an additional 170,430 shares during the period. Finally, Geode Capital Management LLC grew its position in Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after purchasing an additional 78,344 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $206.07 on Friday. The company has a fifty day simple moving average of $241.41 and a 200 day simple moving average of $244.70. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $17.49 billion, a P/E ratio of 24.56, a PEG ratio of 1.63 and a beta of 0.41.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued 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 is Thursday, July 2nd. Royal Gold’s payout ratio is currently 22.65%.

Wall Street Analyst Weigh In

RGLD has been the subject of several research reports. National Bank Financial reduced 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 report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, UBS Group set a $325.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $273.64.

Insiders Place Their Bets

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

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.