Royal Gold, Inc. $RGLD Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 35.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,548 shares of the basic materials company’s stock after purchasing an additional 2,477 shares during the period. Hsbc Holdings PLC’s holdings in Royal Gold were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $27,000. Gen Wealth Partners Inc acquired a new stake in shares of Royal Gold in the fourth quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the fourth quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold during the fourth quarter valued at about $30,000. Finally, Bank & Trust Co grew its holdings in Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 120 shares during the period. 83.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Royal Gold Stock Performance

RGLD opened at $202.12 on Tuesday. 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 firm has a market cap of $17.15 billion, a PE ratio of 24.09, a P/E/G ratio of 1.54 and a beta of 0.42. The business has a fifty day simple moving average of $225.45 and a 200-day simple moving average of $246.56. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date is 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%.

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.