McAlvany Wealth Management LLC Has $11.85 Million Position in Royal Gold, Inc. $RGLD

McAlvany Wealth Management LLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,626 shares of the basic materials company’s stock after buying an additional 4,233 shares during the quarter. Royal Gold makes up about 7.4% of McAlvany Wealth Management LLC’s holdings, making the stock its 2nd largest position. McAlvany Wealth Management LLC owned about 0.06% of Royal Gold worth $11,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RGLD. SG Americas Securities LLC boosted its position in Royal Gold by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after purchasing an additional 6,109 shares during the period. Louisbourg Investments Inc. bought a new stake in shares of Royal Gold in the fourth quarter valued at approximately $3,938,000. Plancorp LLC raised its position in shares of Royal Gold by 69.8% in the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after purchasing an additional 5,646 shares during the period. World Investment Advisors purchased a new stake in shares of Royal Gold during the 4th quarter valued at approximately $1,024,000. Finally, Bar Harbor Wealth Management purchased a new stake in shares of Royal Gold during the 4th quarter valued at approximately $7,916,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RGLD. Scotiabank reiterated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday. Royal Bank Of Canada dropped their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group cut their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. UBS Group reduced their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus target price of $280.27.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Royal Gold Price Performance

RGLD stock opened at $189.17 on Friday. The firm has a 50 day moving average of $212.07 and a 200-day moving average of $243.68. The firm has a market capitalization of $16.05 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 1.34 and a beta of 0.44. 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.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) 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.