SG Americas Securities LLC Purchases 5,732 Shares of Royal Gold, Inc. $RGLD

SG Americas Securities LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,403 shares of the basic materials company’s stock after acquiring an additional 5,732 shares during the period. SG Americas Securities LLC’s holdings in Royal Gold were worth $5,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Greenleaf Trust increased its holdings in shares of Royal Gold by 2.9% in the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 43 shares during the period. WPG Advisers LLC boosted its stake in Royal Gold by 34.1% during the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after buying an additional 46 shares during the period. Parcion Private Wealth LLC grew its position in Royal Gold by 2.9% during the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock worth $378,000 after buying an additional 48 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in Royal Gold by 2.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 54 shares during the last quarter. Finally, Compound Planning Inc. increased its stake in Royal Gold by 4.4% in the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after acquiring an additional 56 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, SVP Randy Shefman sold 1,000 shares of the company’s 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 completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

RGLD opened at $207.95 on Monday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $226.65 and its 200-day moving average price is $246.56. The company has a market cap of $17.65 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.54 and a beta of 0.42.

Royal Gold Announces Dividend

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

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.