Royal Gold, Inc. $RGLD Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 61.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 717,395 shares of the basic materials company’s stock after selling 1,138,482 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Royal Gold were worth $182,570,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Elyxium Wealth LLC purchased a new position in Royal Gold during the fourth quarter valued at $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold during the fourth quarter worth about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Gold during the first quarter worth about $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold during the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Royal Gold during the 4th quarter worth about $30,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Price Performance

NASDAQ:RGLD opened at $200.96 on Friday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. 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 stock has a market cap of $17.06 billion, a PE ratio of 23.95, a P/E/G ratio of 1.37 and a beta of 0.44. The stock has a 50 day moving average price of $207.65 and a 200 day moving average price of $242.75.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were paid a $0.475 dividend. 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 0.9%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares in the company, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RGLD shares. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Scotiabank reissued a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Jefferies Financial Group decreased their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. 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 research note on Friday, April 17th. Finally, Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.27.

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.