Groupe la Francaise Has $8.66 Million Stock Position in Royal Gold, Inc. $RGLD

Groupe la Francaise boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,350 shares of the basic materials company’s stock after acquiring an additional 2,850 shares during the quarter. Groupe la Francaise owned 0.05% of Royal Gold worth $8,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RGLD. Goldman Sachs Group Inc. lifted its position in shares of Royal Gold by 99.5% in the first 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 position in Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after purchasing an additional 2,876 shares in the last quarter. Brown Advisory Inc. increased its stake in Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after buying an additional 796 shares during the period. Qube Research & Technologies Ltd increased its stake in Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC lifted its position in Royal Gold by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after buying an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RGLD has been the subject of a number of research reports. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. UBS Group increased their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Jefferies Financial Group dropped their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has an average rating of “Hold” and a consensus price target of $285.10.

Royal Gold Stock Performance

RGLD stock opened at $262.11 on Monday. The firm has a 50 day moving average of $220.36 and a two-hundred day moving average of $235.64. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 1.97 and a beta of 0.50. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05.

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

Royal Gold Announces Dividend

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

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.