Royal Gold, Inc. $RGLD Shares Sold by Canoe Financial LP

Canoe Financial LP lessened its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 49.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,210 shares of the basic materials company’s stock after selling 6,031 shares during the period. Canoe Financial LP’s holdings in Royal Gold were worth $1,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BFI Infinity Ltd. grew its stake in shares of Royal Gold by 219.6% in the 4th quarter. BFI Infinity Ltd. now owns 2,093 shares of the basic materials company’s stock valued at $465,000 after purchasing an additional 3,843 shares during the last quarter. Kaufman Rossin Wealth LLC purchased a new stake in shares of Royal Gold during the fourth quarter worth approximately $208,000. Exchange Traded Concepts LLC lifted its holdings in shares of Royal Gold by 27.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,585 shares of the basic materials company’s stock worth $1,241,000 after purchasing an additional 1,219 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Royal Gold by 68.2% during the fourth quarter. CoreCap Advisors LLC now owns 535 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 217 shares during the period. Finally, Bank & Trust Co grew its position in Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director directly owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred 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 sale, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,573 shares of company stock valued at $2,127,091. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RGLD shares. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research note on Sunday, December 7th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.50.

Royal Gold Trading Up 3.0%

Shares of RGLD stock opened at $237.54 on Friday. The business’s fifty day moving average price is $270.94 and its 200 day moving average price is $227.16. The firm has a market capitalization of $20.15 billion, a PE ratio of 34.88, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. Royal Gold’s revenue was up 85.2% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be paid a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

About Royal Gold

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.