35,610 Shares in Royal Gold, Inc. $RGLD Acquired by Bar Harbor Wealth Management

Bar Harbor Wealth Management bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,610 shares of the basic materials company’s stock, valued at approximately $7,916,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC bought a new stake in Royal Gold during the fourth quarter worth approximately $351,000. V Square Quantitative Management LLC acquired a new position in Royal Gold in the fourth quarter worth approximately $30,000. Prime Capital Investment Advisors LLC grew its position in Royal Gold by 8.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 3,396 shares of the basic materials company’s stock worth $755,000 after buying an additional 276 shares during the last quarter. Yousif Capital Management LLC grew its position in Royal Gold by 20.9% in the fourth quarter. Yousif Capital Management LLC now owns 25,130 shares of the basic materials company’s stock worth $5,586,000 after buying an additional 4,344 shares during the last quarter. Finally, Greenleaf Trust grew its position in Royal Gold by 2.9% in the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company’s stock worth $342,000 after buying an additional 43 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

RGLD has been the topic of several recent research reports. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. 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. Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. Six investment 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, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $260.56.

Insider Buying and Selling

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 value of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director owned 20,043 shares of the company’s stock, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 7,573 shares of company stock worth $2,127,091. Corporate insiders own 0.49% of the company’s stock.

Royal Gold Trading Up 0.5%

Shares of NASDAQ:RGLD opened at $266.82 on Friday. The stock has a market capitalization of $22.64 billion, a PE ratio of 39.18, a P/E/G ratio of 1.59 and a beta of 0.55. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The firm has a fifty day moving average price of $266.15 and a 200 day moving average price of $231.80. 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 issued 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 business had revenue of $310.83 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 company’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 posted $1.63 earnings per share. Analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. 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.