Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,549 shares of the basic materials company’s stock after selling 2,468 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.19% of Royal Gold worth $14,944,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Royal Gold in the 2nd quarter worth $31,000. Artemis Wealth Advisors LLC purchased a new position in shares of Royal Gold in the 3rd quarter worth about $36,000. BKM Wealth Management LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at about $36,000. 1832 Asset Management L.P. purchased a new stake in shares of Royal Gold during the 1st quarter worth about $51,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Royal Gold during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares of the company’s stock, valued at $1,370,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RGLD shares. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Jefferies Financial Group began coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and increased their target price for the company from $148.00 to $158.00 in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.67.

Royal Gold Trading Up 0.8 %

Shares of RGLD opened at $121.01 on Tuesday. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.82. The stock has a 50-day moving average price of $112.95 and a 200 day moving average price of $113.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The company has a market capitalization of $7.95 billion, a P/E ratio of 33.24, a P/E/G ratio of 6.14 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.75 by $0.20. The company had revenue of $152.70 million during the quarter, compared to analysts’ expectations of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. Sell-side analysts forecast that Royal Gold, Inc. will post 4.35 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, April 4th. Royal Gold’s dividend payout ratio is currently 43.96%.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.