Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in Royal Gold, Inc. $RGLD

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,500 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Royal Gold were worth $3,890,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its holdings in Royal Gold by 7.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 1,326 shares of the basic materials company’s stock worth $295,000 after purchasing an additional 88 shares in the last quarter. Vise Technologies Inc. raised its holdings in Royal Gold by 11.0% during the fourth quarter. Vise Technologies Inc. now owns 12,043 shares of the basic materials company’s stock worth $2,677,000 after purchasing an additional 1,190 shares in the last quarter. Avalon Capital Management purchased a new position in Royal Gold during the fourth quarter worth about $377,000. TD Asset Management Inc raised its holdings in Royal Gold by 161.2% during the fourth quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company’s stock worth $9,744,000 after purchasing an additional 27,051 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Royal Gold by 322.2% during the fourth quarter. Cibc World Market Inc. now owns 95,463 shares of the basic materials company’s stock worth $21,220,000 after purchasing an additional 72,852 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Trading Down 0.2%

Shares of RGLD opened at $205.70 on Tuesday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average is $240.91 and its two-hundred day moving average is $245.27. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The firm has a market capitalization of $17.46 billion, a P/E ratio of 24.52, a PEG ratio of 1.53 and a beta of 0.42.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Analyst Ratings Changes

RGLD has been the subject of several analyst reports. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial lowered their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

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.