Capital International Sarl Raises Position in Royal Gold, Inc. $RGLD

Capital International Sarl increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 237.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,091 shares of the basic materials company’s stock after purchasing an additional 40,171 shares during the period. Capital International Sarl owned 0.07% of Royal Gold worth $12,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold during the 4th quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $30,000. Bank & Trust Co raised its position in shares of Royal Gold by 600.0% during the 4th 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 during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Royal Gold during the 3rd quarter valued at $29,000. 83.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, Director Mark Isto sold 2,000 shares of Royal Gold 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 completion of the transaction, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This trade represents a 9.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold 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 completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RGLD shares. UBS Group set a $325.00 price target on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $206.07 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The company has a market cap of $17.49 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.53 and a beta of 0.41. The firm’s fifty day moving average is $241.41 and its two-hundred day moving average is $244.70. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

Royal Gold Dividend Announcement

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

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.