Flax Pond Capital LLC Takes $3.83 Million Position in Royal Gold, Inc. $RGLD

Flax Pond Capital LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,240 shares of the basic materials company’s stock, valued at approximately $3,832,000. Royal Gold makes up about 2.8% of Flax Pond Capital LLC’s holdings, making the stock its 12th largest position.

Several other institutional investors and hedge funds have also modified their holdings of RGLD. Elyxium Wealth LLC bought a new position in Royal Gold in the fourth quarter valued at about $27,000. Gen Wealth Partners Inc bought a new position in shares of Royal Gold in the fourth quarter worth about $27,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold in the 4th quarter valued at approximately $30,000. Finally, Bank & Trust Co grew its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

NASDAQ RGLD opened at $214.82 on Friday. The firm has a market capitalization of $18.23 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.41. The business’s 50-day moving average price is $232.70 and its two-hundred day moving average price is $246.02. 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, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s payout ratio is currently 22.65%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on 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 owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. 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. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, National Bank Financial lowered their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

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.