Royal Gold, Inc. $RGLD Shares Bought by Capital International Inc. CA

Capital International Inc. CA raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 86.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,773 shares of the basic materials company’s stock after buying an additional 17,549 shares during the quarter. Capital International Inc. CA’s holdings in Royal Gold were worth $8,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital World Investors boosted its stake in Royal Gold by 1.0% in the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock valued at $1,816,267,000 after acquiring an additional 93,282 shares during the period. Vanguard Group Inc. boosted its position in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after buying an additional 1,681,577 shares during the period. Van ECK Associates Corp boosted its position in shares of Royal Gold by 104.1% during the third quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after buying an additional 2,547,076 shares during the period. State Street Corp boosted its position in shares of Royal Gold by 5.4% during the third quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after buying an additional 170,430 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Royal Gold by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock worth $434,063,000 after buying an additional 78,344 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was 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 of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the company’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 completion of the transaction, the senior vice president directly owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is owned by insiders.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $206.07 on Monday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.53 and a beta of 0.42. The stock’s 50 day moving average price is $241.41 and its 200 day moving average price is $245.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

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 dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s payout ratio is presently 22.65%.

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.