5,000 Shares in Royal Gold, Inc. $RGLD Purchased by ING Groep NV

ING Groep NV purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the basic materials company’s stock, valued at approximately $1,111,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RGLD. Van ECK Associates Corp boosted its stake in shares of Royal Gold by 104.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after acquiring an additional 2,547,076 shares during the period. Vanguard Group Inc. raised its stake in Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares during the period. Capital International Investors bought a new stake in Royal Gold in the 4th quarter valued at $332,026,000. Capital World Investors lifted its holdings in Royal Gold by 7.5% during the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Royal Gold by 33.6% during the 4th quarter. Bank of New York Mellon Corp now owns 834,789 shares of the basic materials company’s stock valued at $185,565,000 after purchasing an additional 209,851 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Down 3.8%

RGLD stock opened at $197.07 on Thursday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.52 and a beta of 0.41. The business’s fifty day moving average price is $239.42 and its two-hundred day moving average price is $245.48.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a $0.475 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 1.0%. Royal Gold’s payout ratio is 22.65%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial decreased their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.70.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate 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.