Royal Gold, Inc. $RGLD Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 993,265 shares of the basic materials company’s stock after purchasing an additional 85,722 shares during the period. Dimensional Fund Advisors LP owned approximately 1.51% of Royal Gold worth $199,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. Encompass More Asset Management increased its stake in Royal Gold by 4.2% in the 3rd quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 52 shares in the last quarter. Sowell Financial Services LLC raised its holdings in Royal Gold by 4.0% during the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock worth $274,000 after buying an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock valued at $44,000 after buying an additional 56 shares in the last quarter. Compound Planning Inc. lifted its stake in Royal Gold by 4.4% during the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock valued at $264,000 after buying an additional 56 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Royal Gold by 2.3% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock worth $529,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on RGLD shares. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a research note on Sunday, December 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.50.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the sale, the director owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by corporate insiders.

Royal Gold Trading Up 1.2%

NASDAQ:RGLD opened at $279.84 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold, Inc. has a fifty-two week low of $149.66 and a fifty-two week high of $306.25. The stock’s 50-day moving average is $268.78 and its two-hundred day moving average is $220.37. The stock has a market cap of $23.73 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. As a group, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio is currently 27.90%.

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.