589 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by ORG Partners LLC

ORG Partners LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 589 shares of the basic materials company’s stock, valued at approximately $72,000.

Several other large investors have also recently added to or reduced their stakes in RGLD. River Road Asset Management LLC lifted its stake in Royal Gold by 19.4% in the fourth quarter. River Road Asset Management LLC now owns 52,578 shares of the basic materials company’s stock valued at $6,360,000 after buying an additional 8,550 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Royal Gold by 22.4% during the fourth quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock valued at $23,408,000 after purchasing an additional 35,458 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at $1,239,000. Norden Group LLC acquired a new position in shares of Royal Gold during the first quarter valued at $3,315,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Royal Gold during the fourth quarter valued at $2,238,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

RGLD traded up $0.39 on Friday, hitting $136.28. The company had a trading volume of 259,444 shares, compared to its average volume of 404,991. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.50 and a quick ratio of 2.35. The company’s fifty day moving average price is $127.09 and its 200 day moving average price is $119.88. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $136.59.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts predict that Royal Gold, Inc. will post 4.56 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, July 5th. Royal Gold’s dividend payout ratio is 47.20%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now owns 14,840 shares of the company’s stock, valued at $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RGLD. Jefferies Financial Group raised their price target on Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a report on Friday. Scotiabank lifted their price target on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Bank of America raised their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. Cibc World Mkts upgraded Royal Gold to a “hold” rating in a report on Wednesday. Finally, CIBC boosted their target price on Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $152.75.

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.