Royal Gold, Inc. $RGLD Stake Boosted by Fieldview Capital Management LLC

Fieldview Capital Management LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2,962.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 43,367 shares of the basic materials company’s stock after purchasing an additional 41,951 shares during the quarter. Royal Gold accounts for 1.4% of Fieldview Capital Management LLC’s portfolio, making the stock its biggest position. Fieldview Capital Management LLC owned 0.07% of Royal Gold worth $8,699,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in shares of Royal Gold during the 2nd quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Royal Gold by 33.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Royal Gold in the third quarter worth $50,000. Spire Wealth Management purchased a new position in shares of Royal Gold in the 3rd quarter worth about $64,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Royal Gold by 248.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $279.84 on Monday. The business’s fifty day moving average price is $268.78 and its 200-day moving average price is $220.37. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 1.69 and a beta of 0.48. 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 1-year low of $149.66 and a 1-year high of $306.25.

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

Royal Gold Announces Dividend

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

Insider Transactions at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total value of $1,156,213.11. Following the transaction, the director owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares in the company, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RGLD. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Finally, TD Cowen raised their price target on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.50.

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.