United Capital Financial Advisors LLC Invests $497,000 in Royal Gold, Inc. $RGLD

United Capital Financial Advisors LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,488 shares of the basic materials company’s stock, valued at approximately $497,000.

A number of other large investors also recently modified their holdings of RGLD. Axiom Investment Management LLC bought a new stake in Royal Gold in the 1st quarter worth approximately $25,000. Elyxium Wealth LLC bought a new position in Royal Gold during the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc purchased a new position in shares of Royal Gold during the fourth quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Royal Gold during the first quarter worth approximately $32,000. Finally, Grove Bank & Trust lifted its holdings in shares of Royal Gold by 88.6% in the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 0.5%

NASDAQ RGLD opened at $261.47 on Tuesday. Royal Gold, Inc. has a 1 year low of $168.88 and a 1 year high of $306.25. The stock has a market capitalization of $22.15 billion, a PE ratio of 28.54, a PEG ratio of 1.98 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The business’s 50-day moving average is $215.99 and its 200 day moving average is $236.28.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business’s revenue was up 114.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 earnings per share. Sell-side analysts forecast that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s payout ratio is presently 20.74%.

Analyst Ratings Changes

RGLD has been the subject of a number of research reports. Jefferies Financial Group cut their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. UBS Group boosted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $285.10.

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.