Clear Harbor Asset Management LLC Takes $1.25 Million Position in Royal Gold, Inc. $RGLD

Clear Harbor Asset Management LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,628 shares of the basic materials company’s stock, valued at approximately $1,251,000.

A number of other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust lifted its position in Royal Gold by 2.9% in the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after buying an additional 43 shares during the last quarter. WPG Advisers LLC lifted its position in Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock worth $40,000 after buying an additional 46 shares during the last quarter. Parcion Private Wealth LLC lifted its position in Royal Gold by 2.9% in the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after buying an additional 48 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in Royal Gold by 2.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock worth $598,000 after buying an additional 54 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in Royal Gold by 4.4% in the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after buying an additional 56 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

RGLD stock opened at $217.86 on Tuesday. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $242.13 and its two-hundred day simple moving average is $244.35. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.67 and a beta of 0.42.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial lowered their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eight equities 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. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold 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.