Bar Harbor Wealth Management Has $10.21 Million Stake in Royal Gold, Inc. $RGLD

Bar Harbor Wealth Management lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 40,141 shares of the basic materials company’s stock after purchasing an additional 4,531 shares during the quarter. Bar Harbor Wealth Management’s holdings in Royal Gold were worth $10,215,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Krilogy Financial LLC increased its stake in Royal Gold by 2.8% during the 1st quarter. Krilogy Financial LLC now owns 2,169 shares of the basic materials company’s stock worth $569,000 after acquiring an additional 60 shares during the period. Summit Wealth Partners LLC bought a new stake in shares of Royal Gold during the 1st quarter valued at $327,000. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of Royal Gold during the 1st quarter valued at $1,981,000. SG Americas Securities LLC grew its holdings in shares of Royal Gold by 32.4% during the 1st quarter. SG Americas Securities LLC now owns 23,403 shares of the basic materials company’s stock worth $5,956,000 after purchasing an additional 5,732 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Royal Gold during the 1st quarter worth $7,170,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial decreased their target price 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. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.70.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction dated 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 owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $206.61 on Wednesday. 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 52 week low of $150.75 and a 52 week high of $306.25. The stock has a market capitalization of $17.53 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.59 and a beta of 0.42. The stock has a fifty day moving average of $230.48 and a 200-day moving average of $246.48.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid 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 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.