3,075 Shares in Royal Gold, Inc. $RGLD Purchased by Abbington Investment Group

Abbington Investment Group purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,075 shares of the basic materials company’s stock, valued at approximately $684,000.

Several other large investors have also recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. raised its holdings in Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares in the last quarter. Focus Partners Wealth raised its holdings in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares in the last quarter. Brown Advisory Inc. raised its holdings in Royal Gold by 28.9% during the second quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Royal Gold by 43.0% during the second quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after purchasing an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Royal Gold by 4.6% during the second quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after purchasing an additional 1,072 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Up 2.7%

Shares of RGLD stock opened at $271.52 on Wednesday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The stock has a market cap of $23.04 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.59 and a beta of 0.55. The business has a fifty day simple moving average of $266.38 and a 200-day simple moving average of $233.41. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly 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). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same quarter in the prior year, the business earned $1.63 EPS. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. On average, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is presently 27.90%.

Analysts Set New Price Targets

RGLD has been the subject of a number of research analyst reports. 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 report on Monday, January 26th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price target 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 report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Six 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.56.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction 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 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. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,573 shares of company stock valued at $2,127,091. Corporate insiders own 0.49% of the company’s stock.

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.