Royal Gold, Inc. $RGLD Stock: Ullmann Wealth Partners Group LLC Reduces Stake

Ullmann Wealth Partners Group LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 44.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,015 shares of the basic materials company’s stock after selling 2,452 shares during the period. Ullmann Wealth Partners Group LLC’s holdings in Royal Gold were worth $712,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in RGLD. Axiom Investment Management LLC bought a new position in Royal Gold during the first quarter valued at about $25,000. Grove Bank & Trust raised its holdings in Royal Gold by 88.6% in the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Eastern Bank raised its holdings in Royal Gold by 622.2% in the 3rd quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 112 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Royal Gold in the 1st quarter worth approximately $32,000. Finally, Core Capital Management & Research inc. bought a new stake in shares of Royal Gold in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings raised Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Raymond James Financial restated an “outperform” rating and issued a $336.00 target price on shares of Royal Gold in a research note on Tuesday, October 20th. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Moderate Buy” and an average target price of $309.56.

Royal Gold News Roundup

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Third-quarter revenue rose 84.4% year over year to about $464.8 million, ahead of estimates of roughly $459.8 million. EPS of $2.80 also exceeded the $2.77 consensus. Royal Gold Q3 results
• Positive Sentiment: Record operating cash flow and gold-equivalent sales, additional share repurchases, and the post-quarter repayment of debt highlight strong cash generation and a cleaner balance sheet. Royal Gold Q3 results
• Neutral Sentiment: Royal Gold outlined a roughly $43 million Kinross Great Bear royalty buyback that would reduce its net smelter return royalty to 1.5%. The proceeds provide near-term cash, though the lower royalty means less future exposure to the project. Great Bear royalty buyback
• Negative Sentiment: Scotiabank made a small reduction to its FY2027 EPS estimate, from $11.92 to $11.87, while maintaining a Sector Perform rating. Analyst estimate update

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $261.28 on Friday. Royal Gold, Inc. has a twelve month low of $169.54 and a twelve month high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The stock has a market cap of $22.14 billion, a P/E ratio of 26.34, a PEG ratio of 1.78 and a beta of 0.46. The company’s 50-day simple moving average is $244.43 and its 200 day simple moving average is $241.22.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.03. The firm had revenue of $464.77 million during the quarter, compared to analysts’ expectations of $459.84 million. Royal Gold had a net margin of 47.69% and a return on equity of 11.80%. The company’s revenue for the quarter was up 84.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. As a group, research analysts forecast that Royal Gold, Inc. will post 10.65 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio is presently 19.15%.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.