America First Investment Advisors LLC Has $32.33 Million Position in Royal Gold, Inc. $RGLD

America First Investment Advisors LLC reduced its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,422 shares of the basic materials company’s stock after selling 7,926 shares during the period. Royal Gold comprises 5.9% of America First Investment Advisors LLC’s portfolio, making the stock its 3rd biggest position. America First Investment Advisors LLC’s holdings in Royal Gold were worth $32,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Royal Gold by 52.8% during 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 during the period. Louisbourg Investments Inc. acquired a new position in Royal Gold during the 4th quarter valued at about $3,938,000. Prospera Financial Services Inc acquired a new position in Royal Gold during the 3rd quarter valued at about $1,068,000. Ruffer LLP acquired a new position in Royal Gold during the 3rd quarter valued at about $16,636,000. Finally, Plancorp LLC increased its position in Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after buying an additional 5,646 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Activity at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the business’s 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 completion of the sale, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,400 shares of company stock worth $1,214,618. 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RGLD. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. 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. National Bank Financial decreased their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. Eight 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. Based on data from MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Price Performance

RGLD stock opened at $220.29 on Tuesday. The business has a fifty day moving average of $244.60 and a two-hundred day moving average of $242.81. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market cap of $18.70 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

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 dividend payout ratio (DPR) is 22.65%.

Royal Gold Company 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.