Aquatic Capital Management LLC Purchases 17,147 Shares of Royal Gold, Inc. $RGLD

Aquatic Capital Management LLC grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 176.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,851 shares of the basic materials company’s stock after buying an additional 17,147 shares during the period. Aquatic Capital Management LLC’s holdings in Royal Gold were worth $5,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caldwell Trust Co bought a new position in shares of Royal Gold in the second quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold in the 3rd quarter valued at $50,000. Spire Wealth Management purchased a new position in Royal Gold in the third quarter valued at about $64,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Royal Gold by 248.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 3.4%

Royal Gold stock opened at $250.27 on Tuesday. The stock’s fifty day moving average is $274.25 and its two-hundred day moving average is $224.32. The stock has a market cap of $21.23 billion, a PE ratio of 36.75, a P/E/G ratio of 1.56 and a beta of 0.47. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. 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 (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $360.85 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 85.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS. On average, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s payout ratio is presently 27.90%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. TD Cowen raised their target price on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research report on Monday, January 26th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.50.

Insiders Place Their Bets

In related news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,573 shares of company stock worth $2,127,091. 0.49% of the stock is owned by company insiders.

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.