Euro Pacific Asset Management LLC Has $36.16 Million Stock Position in Royal Gold, Inc. $RGLD

Euro Pacific Asset Management LLC raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 164,360 shares of the basic materials company’s stock after acquiring an additional 3,609 shares during the period. Royal Gold makes up approximately 0.1% of Euro Pacific Asset Management LLC’s holdings, making the stock its 9th biggest position. Euro Pacific Asset Management LLC owned approximately 0.19% of Royal Gold worth $36,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital World Investors raised its holdings in shares of Royal Gold by 1.0% during the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock valued at $1,816,267,000 after purchasing an additional 93,282 shares during the last quarter. Van ECK Associates Corp grew its position in Royal Gold by 104.1% in the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after purchasing an additional 2,547,076 shares during the period. State Street Corp grew its position in Royal Gold by 5.4% in the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after purchasing an additional 170,430 shares during the period. AQR Capital Management LLC raised its stake in Royal Gold by 8.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,820,435 shares of the basic materials company’s stock valued at $319,140,000 after buying an additional 137,524 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Royal Gold by 0.7% during the 3rd quarter. Northern Trust Corp now owns 1,030,501 shares of the basic materials company’s stock valued at $206,698,000 after buying an additional 6,710 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 0.5%

Shares of NASDAQ:RGLD opened at $238.76 on Tuesday. 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, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a market cap of $20.25 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.40 and a beta of 0.47. The stock has a 50 day moving average of $270.41 and a 200 day moving average of $227.80.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted 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). The firm 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 business’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced 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 of this dividend is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s dividend payout ratio is currently 27.90%.

Insiders Place Their Bets

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the 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 completion of the sale, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of the firm’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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,573 shares of company stock worth $2,127,091. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank downgraded 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. Jefferies Financial Group reissued a “buy” rating and issued a $270.00 price objective on shares of Royal Gold in a report on Sunday, December 7th. Canadian Imperial Bank of Commerce restated a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research note on Thursday, January 22nd. Seven investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

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.