BCS Wealth Management Decreases Stake in Royal Gold, Inc. $RGLD

BCS Wealth Management lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 49.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,679 shares of the basic materials company’s stock after selling 20,607 shares during the period. Royal Gold makes up approximately 1.1% of BCS Wealth Management’s portfolio, making the stock its 23rd biggest holding. BCS Wealth Management’s holdings in Royal Gold were worth $5,263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RGLD. Bar Harbor Wealth Management lifted its stake in shares of Royal Gold by 12.7% in the first quarter. Bar Harbor Wealth Management now owns 40,141 shares of the basic materials company’s stock valued at $10,215,000 after purchasing an additional 4,531 shares during the period. Krilogy Financial LLC boosted its holdings in Royal Gold by 2.8% during the first quarter. Krilogy Financial LLC now owns 2,169 shares of the basic materials company’s stock worth $569,000 after buying an additional 60 shares in the last quarter. Summit Wealth Partners LLC acquired a new position in Royal Gold during the first quarter worth about $327,000. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in Royal Gold during the first quarter worth about $1,981,000. Finally, SG Americas Securities LLC increased its holdings in Royal Gold by 32.4% in the first quarter. SG Americas Securities LLC now owns 23,403 shares of the basic materials company’s stock valued at $5,956,000 after buying an additional 5,732 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $206.61 on Wednesday. The stock has a market capitalization of $17.53 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.59 and a beta of 0.42. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The firm’s 50-day moving average is $230.48 and its two-hundred day moving average is $246.48.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders 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 dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of research reports. Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. 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 report on Friday, April 17th. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.70.

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.