Ellevest Inc. Has $998,000 Stock Position in Royal Gold, Inc. $RGLD

Ellevest Inc. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 337.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,490 shares of the basic materials company’s stock after buying an additional 3,463 shares during the period. Ellevest Inc.’s holdings in Royal Gold were worth $998,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Royal Gold in the fourth quarter valued at approximately $27,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $29,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Gold in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold during the fourth quarter valued at about $30,000. Finally, Bank & Trust Co boosted its stake in shares of Royal Gold by 600.0% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related 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 value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is owned by insiders.

Royal Gold Price Performance

RGLD stock opened at $224.48 on Monday. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.67 and a beta of 0.42. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company’s fifty day simple moving average is $242.27 and its 200 day simple moving average is $244.14.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s payout ratio is presently 22.65%.

Analyst Ratings Changes

A number of brokerages have recently commented on RGLD. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. National Bank Financial cut their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Eight research 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’s stock. According to MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $273.64.

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.