Tiemann Investment Advisors LLC Purchases 2,466 Shares of Royal Gold, Inc. $RGLD

Tiemann Investment Advisors LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 108.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,744 shares of the basic materials company’s stock after buying an additional 2,466 shares during the period. Tiemann Investment Advisors LLC’s holdings in Royal Gold were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Royal Gold during the fourth quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Royal Gold in the third quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold during the 4th quarter worth about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold during the 4th quarter worth about $30,000. Finally, Bank & Trust Co boosted its stake in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 120 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 9,082 shares in the company, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RGLD. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Eight 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. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

Royal Gold Stock Up 1.5%

RGLD stock opened at $207.57 on Friday. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The company has a market cap of $17.62 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.41. The business’s 50-day simple moving average is $237.29 and its 200 day simple moving average is $245.35.

Royal Gold Dividend Announcement

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

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.