Meiji Yasuda Asset Management Co Ltd. Raises Stock Holdings in Royal Gold, Inc. $RGLD

Meiji Yasuda Asset Management Co Ltd. raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,280 shares of the basic materials company’s stock after purchasing an additional 3,112 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Royal Gold were worth $5,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caldwell Trust Co acquired a new position in shares of Royal Gold during the 2nd quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Royal Gold by 33.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 56 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Royal Gold in the 3rd quarter worth $50,000. Spire Wealth Management acquired a new position in Royal Gold during the third quarter worth $64,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Royal Gold by 248.9% during the third quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 229 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $279.84 on Monday. The company has a market cap of $23.73 billion, a P/E ratio of 41.09, a P/E/G ratio of 1.69 and a beta of 0.48. Royal Gold, Inc. has a twelve month low of $149.66 and a twelve month high of $306.25. The company’s 50-day moving average price is $268.78 and its 200-day moving average price is $220.37. 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 (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS 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 business had revenue of $360.85 million during the quarter, compared to analyst estimates of $425.47 million. During the same quarter in the previous year, the company posted $1.63 EPS. The firm’s revenue was up 85.2% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared 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. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 27.90%.

Analyst Ratings Changes

RGLD has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. TD Cowen lifted their price objective on Royal Gold from $261.00 to $263.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Jefferies Financial Group reissued a “buy” rating and set a $270.00 target price on shares of Royal Gold in a report on Sunday, December 7th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This represents a 40.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s 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 sale, the senior vice president directly owned 20,140 shares of the company’s stock, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is currently owned by company insiders.

About Royal Gold

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.