Acorn Financial Advisory Services Inc. ADV Acquires New Shares in Royal Gold, Inc. $RGLD

Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,663 shares of the basic materials company’s stock, valued at approximately $678,000.

A number of other institutional investors also recently bought and sold shares of RGLD. Greenleaf Trust increased its position 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 valued at $342,000 after buying an additional 43 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Royal Gold by 1.5% in the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after acquiring an additional 44 shares during the last quarter. WPG Advisers LLC lifted its position in shares of Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 46 shares in the last quarter. Parcion Private Wealth LLC lifted its position in shares of Royal Gold by 2.9% in the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company’s stock valued at $378,000 after acquiring an additional 48 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Royal Gold by 2.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company’s stock valued at $598,000 after acquiring an additional 54 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. 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 lowered their price target on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday. 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, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $276.20.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 9,082 shares in the company, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $199.61 on Wednesday. The business has a 50-day moving average of $224.08 and a two-hundred day moving average of $246.49. The firm has a market capitalization of $16.94 billion, a PE ratio of 23.79, a P/E/G ratio of 1.50 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio 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.