Dorsey Wright & Associates Buys Shares of 4,347 Royal Gold, Inc. $RGLD

Dorsey Wright & Associates bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,347 shares of the basic materials company’s stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Elyxium Wealth LLC purchased a new position in shares of Royal Gold during the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc purchased a new stake in Royal Gold in the 4th quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Royal Gold during the 4th quarter valued at $30,000. Finally, Bank & Trust Co grew its holdings in 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 buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $189.17 on Friday. The business’s 50-day moving average price is $212.07 and its 200 day moving average price is $243.68. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a market capitalization of $16.05 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.44. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

Several research firms have weighed in on RGLD. Scotiabank reissued a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday. Weiss Ratings downgraded Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Jefferies Financial Group dropped their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, UBS Group cut their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.27.

Insider Buying and Selling at Royal Gold

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 transaction of $243,740.00. Following 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.