Hussman Strategic Advisors Inc. Has $2.71 Million Stock Holdings in Royal Gold, Inc. $RGLD

Hussman Strategic Advisors Inc. reduced its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,200 shares of the basic materials company’s stock after selling 3,100 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Royal Gold were worth $2,712,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RGLD. Goldman Sachs Group Inc. grew its holdings in shares of Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock worth $27,608,000 after purchasing an additional 84,206 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 796 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Royal Gold by 43.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after purchasing an additional 56,621 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after purchasing an additional 1,072 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RGLD shares. Zacks Research lowered Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. National Bank Financial reduced their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Finally, UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight equities research 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, Royal Gold has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

Royal Gold Trading Down 1.2%

Shares of Royal Gold stock opened at $230.59 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The stock has a 50 day moving average price of $260.65 and a two-hundred day moving average price of $237.57. The stock has a market capitalization of $19.56 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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 firm had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period last year, the business posted $1.63 EPS. The company’s revenue was up 85.2% on a year-over-year basis. As a group, equities analysts anticipate that Royal Gold, Inc. will post 12.5 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is 27.90%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were 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 position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,573 shares of company stock valued at $2,127,091. Company insiders own 0.35% of the company’s stock.

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.