IFP Advisors Inc Acquires 4,970 Shares of Royal Gold, Inc. $RGLD

IFP Advisors Inc increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 692.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,688 shares of the basic materials company’s stock after purchasing an additional 4,970 shares during the period. IFP Advisors Inc’s holdings in Royal Gold were worth $1,152,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Royal Gold by 99.5% in the 1st 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 during the last quarter. Focus Partners Wealth increased its holdings in Royal Gold by 51.5% in the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after purchasing an additional 2,876 shares during the last quarter. SG Americas Securities LLC lifted its stake in Royal Gold by 530.6% in the second quarter. SG Americas Securities LLC now owns 5,467 shares of the basic materials company’s stock valued at $972,000 after buying an additional 4,600 shares during the period. Creative Planning lifted its stake in Royal Gold by 28.0% in the second quarter. Creative Planning now owns 12,451 shares of the basic materials company’s stock valued at $2,214,000 after buying an additional 2,723 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Royal Gold by 19.3% during the second quarter. Cetera Investment Advisers now owns 9,149 shares of the basic materials company’s stock worth $1,627,000 after buying an additional 1,483 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director William M. Hayes sold 4,173 shares of the 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $549,660.00. Following the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,573 shares of company stock worth $2,127,091 over the last quarter. 0.49% of the stock is currently owned by company insiders.

Royal Gold Stock Down 4.4%

Shares of Royal Gold stock opened at $215.21 on Monday. The company has a market capitalization of $18.25 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 1.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The business has a 50-day moving average of $273.50 and a two-hundred day moving average of $225.84. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25.

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 for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter last year, the firm earned $1.63 EPS. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. As a group, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio is 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.