BLI Banque de Luxembourg Investments Sells 20,000 Shares of Royal Gold, Inc. $RGLD

BLI Banque de Luxembourg Investments trimmed its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 100,000 shares of the basic materials company’s stock after selling 20,000 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Royal Gold were worth $22,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of Royal Gold by 5.6% during the 4th quarter. Cerity Partners LLC now owns 45,374 shares of the basic materials company’s stock valued at $10,086,000 after buying an additional 2,390 shares during the period. Orion Investment Co lifted its holdings in shares of Royal Gold by 7.5% during the 4th quarter. Orion Investment Co now owns 29,798 shares of the basic materials company’s stock valued at $6,624,000 after buying an additional 2,068 shares during the period. LPL Financial LLC lifted its holdings in shares of Royal Gold by 50.1% during the 4th quarter. LPL Financial LLC now owns 60,496 shares of the basic materials company’s stock valued at $13,448,000 after buying an additional 20,184 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Royal Gold by 2.6% during the 4th quarter. Franklin Resources Inc. now owns 19,463 shares of the basic materials company’s stock valued at $4,326,000 after buying an additional 489 shares during the period. Finally, Erste Asset Management GmbH lifted its holdings in shares of Royal Gold by 725.0% during the 4th quarter. Erste Asset Management GmbH now owns 1,650 shares of the basic materials company’s stock valued at $372,000 after buying an additional 1,450 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

NASDAQ RGLD opened at $205.70 on Tuesday. The company has a market capitalization of $17.46 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.53 and a beta of 0.42. 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 business’s fifty day moving average is $240.91 and its 200 day moving average is $245.27. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors 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 annualized dividend and a yield of 0.9%. Royal Gold’s payout ratio is 22.65%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a 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 on the stock in a report on Friday, April 17th. Finally, UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. 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 company’s stock. According to data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Insider Buying and Selling at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction 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 transaction, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold 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. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by 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.