Royal Gold, Inc. $RGLD Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 141.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,736 shares of the basic materials company’s stock after purchasing an additional 3,946 shares during the quarter. Corient Private Wealth LLC’s holdings in Royal Gold were worth $1,497,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Louisbourg Investments Inc. purchased a new position in Royal Gold during the fourth quarter worth approximately $3,938,000. SG Americas Securities LLC increased its position in shares of Royal Gold by 52.8% in 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 buying an additional 6,109 shares in the last quarter. Plancorp LLC raised its stake in shares of Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after buying an additional 5,646 shares during the period. World Investment Advisors acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $1,024,000. Finally, Bar Harbor Wealth Management purchased a new position in shares of Royal Gold during the 4th quarter valued at approximately $7,916,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of research analyst reports. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group reduced their price objective on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday. National Bank Financial decreased their price objective 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, Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. 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’s stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $276.20.

Royal Gold Stock Down 1.2%

Shares of NASDAQ:RGLD opened at $199.61 on Wednesday. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The stock has a market cap of $16.94 billion, a P/E ratio of 23.79, a PEG ratio of 1.50 and a beta of 0.41. The business has a fifty day moving average of $224.08 and a two-hundred day moving average of $246.49. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is currently 22.65%.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

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.