Barlow Wealth Partners LLC Sells 2,683 Shares of Royal Gold, Inc. $RGLD

Barlow Wealth Partners LLC lessened its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,927 shares of the basic materials company’s stock after selling 2,683 shares during the period. Royal Gold comprises approximately 3.0% of Barlow Wealth Partners LLC’s holdings, making the stock its 11th biggest position. Barlow Wealth Partners LLC owned approximately 0.13% of Royal Gold worth $27,690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RGLD. Prospera Financial Services Inc bought a new stake in shares of Royal Gold during the 3rd quarter valued at $1,068,000. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Royal Gold by 275.8% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after buying an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Royal Gold during the 2nd quarter valued at about $1,397,000. Ruffer LLP bought a new position in shares of Royal Gold during the 3rd quarter valued at approximately $16,636,000. Finally, Campbell & CO Investment Adviser LLC grew its stake in shares of Royal Gold by 576.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after acquiring an additional 29,927 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the company’s 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 sale, the director owned 6,129 shares of the company’s stock, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Breeze sold 1,400 shares of the 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 of the company’s stock, valued at $6,059,521.80. This trade represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,573 shares of company stock valued at $2,127,091 over the last 90 days. 0.49% of the stock is owned by corporate insiders.

Royal Gold Price Performance

NASDAQ:RGLD opened at $237.54 on Monday. The business’s 50-day moving average is $270.94 and its 200 day moving average is $227.45. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a market capitalization of $20.15 billion, a P/E ratio of 34.88, a P/E/G ratio of 1.40 and a beta of 0.47. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

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.