AE Wealth Management LLC Boosts Stock Position in Royal Gold, Inc. $RGLD

AE Wealth Management LLC boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 61.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,182 shares of the basic materials company’s stock after acquiring an additional 3,113 shares during the quarter. AE Wealth Management LLC’s holdings in Royal Gold were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold in the 3rd quarter valued at $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold in the 4th quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold in the 4th quarter worth $30,000. Bank & Trust Co boosted its holdings in shares of Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Royal Gold by 8,400.0% during the third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 168 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the sale, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. 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 quarter. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. National Bank Financial cut their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Finally, Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Eight equities 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.64.

Royal Gold Stock Down 4.4%

RGLD stock opened at $252.91 on Wednesday. The company’s 50 day simple moving average is $265.78 and its 200-day simple moving average is $235.65. The firm has a market capitalization of $21.46 billion, a PE ratio of 37.14, a P/E/G ratio of 1.59 and a beta of 0.55. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month 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 company had revenue of $310.83 million for the quarter, compared to analyst estimates 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 firm earned $1.63 earnings per share. Equities analysts expect that Royal Gold, Inc. will post 12.19 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

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.