Cibc World Market Inc. Raises Position in Royal Gold, Inc. $RGLD

Cibc World Market Inc. increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 322.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,463 shares of the basic materials company’s stock after purchasing an additional 72,852 shares during the quarter. Cibc World Market Inc. owned 0.11% of Royal Gold worth $21,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised 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 valued at $3,928,000 after purchasing an additional 6,109 shares during the period. Louisbourg Investments Inc. purchased a new stake in Royal Gold during the fourth quarter valued at approximately $3,938,000. Prospera Financial Services Inc purchased a new stake in Royal Gold during the third quarter valued at approximately $1,068,000. Plancorp LLC raised its position in Royal Gold by 69.8% during 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. Finally, Neuberger Berman Group LLC raised its position in Royal Gold by 22.9% during the third quarter. Neuberger Berman Group LLC now owns 135,050 shares of the basic materials company’s stock valued at $27,056,000 after purchasing an additional 25,187 shares during the period. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RGLD shares. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group set a $325.00 target price on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, National Bank Financial dropped their price objective 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. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Price Performance

Shares of RGLD opened at $206.07 on Friday. The business’s 50-day moving average is $241.41 and its two-hundred day moving average is $244.70. The company has a market capitalization of $17.49 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.63 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

Royal Gold Dividend Announcement

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

Insider Transactions at Royal Gold

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

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.