Crewe Advisors LLC Invests $2.78 Million in Royal Gold, Inc. $RGLD

Crewe Advisors LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,484 shares of the basic materials company’s stock, valued at approximately $2,775,000.

A number of other large investors also recently bought and sold shares of the stock. Prospera Financial Services Inc acquired a new stake in shares of Royal Gold during the 3rd quarter worth approximately $1,068,000. Financiere des Professionnels Fonds d investissement inc. increased its holdings in shares of Royal Gold by 275.8% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock valued at $1,335,000 after purchasing an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Royal Gold in the 2nd quarter valued at $1,397,000. Ruffer LLP purchased a new stake in Royal Gold during the third quarter worth $16,636,000. Finally, Campbell & CO Investment Adviser LLC grew its position in Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock valued at $7,044,000 after buying an additional 29,927 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on RGLD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. 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. Scotiabank lowered Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research note on Monday, January 26th. Zacks Research cut Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction 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 of the company’s stock, 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 can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares in the company, 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 ninety days, insiders sold 7,573 shares of company stock worth $2,127,091. 0.49% of the stock is owned by corporate insiders.

Royal Gold Stock Down 0.7%

Shares of NASDAQ RGLD opened at $262.63 on Friday. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 1.58 and a beta of 0.55. The company’s 50-day simple moving average is $269.14 and its 200-day simple moving average is $228.75. 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, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued 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 company had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same period in the prior year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. Equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s 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.