Capital International Inc. CA Has $4.06 Million Holdings in Royal Gold, Inc. $RGLD

Capital International Inc. CA increased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 25.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,224 shares of the basic materials company’s stock after purchasing an additional 4,085 shares during the period. Capital International Inc. CA’s holdings in Royal Gold were worth $4,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Goldman Sachs Group Inc. grew its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after acquiring an additional 84,206 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Royal Gold by 51.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,791 shares of the basic materials company’s stock valued at $4,053,000 after purchasing an additional 7,716 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Royal Gold by 29.2% during the 2nd quarter. Atria Investments Inc now owns 1,792 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 405 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of Royal Gold by 3.1% during the 2nd quarter. AE Wealth Management LLC now owns 3,298 shares of the basic materials company’s stock valued at $587,000 after purchasing an additional 98 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of Royal Gold 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 transaction, the director owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RGLD. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Scotiabank lowered 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 note on Monday, January 26th. Finally, TD Cowen increased their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $275.84 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The firm has a market cap of $23.39 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 1.70 and a beta of 0.48. The business’s fifty day moving average is $272.12 and its 200 day moving average is $222.24.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The company 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 firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. Research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company 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 dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) 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.