Winmill & CO. Inc. Has $1.87 Million Stock Position in Royal Gold, Inc. $RGLD

Winmill & CO. Inc. grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 58.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,400 shares of the basic materials company’s stock after purchasing an additional 3,100 shares during the period. Royal Gold makes up about 0.5% of Winmill & CO. Inc.’s holdings, making the stock its 28th biggest holding. Winmill & CO. Inc.’s holdings in Royal Gold were worth $1,867,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Elyxium Wealth LLC bought a new stake in shares of Royal Gold in the fourth quarter worth $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold during the 3rd quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new position in Royal Gold during the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $207.57 on Monday. The stock’s 50-day moving average is $237.29 and its 200 day moving average is $245.73. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.54 and a beta of 0.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold Dividend Announcement

The firm also recently declared 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 dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

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.