Stifel Financial Corp Boosts Position in Royal Gold, Inc. (NASDAQ:RGLD)

Stifel Financial Corp boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 98.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 60,842 shares of the basic materials company’s stock after buying an additional 30,235 shares during the period. Stifel Financial Corp’s holdings in Royal Gold were worth $7,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Commerce Bank raised its holdings in Royal Gold by 4.3% in the fourth quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock valued at $285,000 after buying an additional 98 shares during the period. Dana Investment Advisors Inc. raised its holdings in Royal Gold by 0.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock valued at $2,813,000 after buying an additional 110 shares during the period. Quadrant Capital Group LLC raised its holdings in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after buying an additional 116 shares during the period. Wellington Management Group LLP raised its holdings in Royal Gold by 0.3% in the third quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company’s stock valued at $4,825,000 after buying an additional 125 shares during the period. Finally, Quent Capital LLC raised its stake in shares of Royal Gold by 35.0% during the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock valued at $67,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now owns 14,840 shares of the company’s stock, valued at $1,940,033.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now owns 12,127 shares of the company’s stock, valued at $1,370,351. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at approximately $1,940,033.20. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Jefferies Financial Group assumed coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Cantor Fitzgerald lowered shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Scotiabank lifted their price objective on shares of Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. Finally, National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.86.

Read Our Latest Research Report on RGLD

Royal Gold Stock Up 2.0 %

Shares of NASDAQ:RGLD opened at $130.83 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $125.29 and a 200 day simple moving average of $118.76. The firm has a market cap of $8.60 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $134.56.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The company had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, equities research analysts anticipate that Royal Gold, Inc. will post 4.5 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

About Royal Gold

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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