Quantbot Technologies LP Takes $1.62 Million Position in Royal Gold, Inc. $RGLD

Quantbot Technologies LP acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,089 shares of the basic materials company’s stock, valued at approximately $1,622,000.

Other large investors have also recently bought and sold shares of the company. Caldwell Trust Co bought a new stake in shares of Royal Gold during the second quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its position in Royal Gold by 33.9% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 56 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold in the third quarter worth about $50,000. Spire Wealth Management bought a new stake in Royal Gold during the 3rd quarter worth about $64,000. Finally, Smartleaf Asset Management LLC raised its holdings in Royal Gold by 248.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RGLD shares. Zacks Research lowered shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. TD Cowen raised their price objective on shares of Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Raymond James Financial set a $264.00 price target on Royal Gold in a research note on Thursday, November 6th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

Royal Gold Stock Up 0.1%

Shares of NASDAQ:RGLD opened at $281.20 on Thursday. The company has a 50 day moving average price of $266.98 and a two-hundred day moving average price of $218.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The company has a market capitalization of $23.85 billion, a PE ratio of 41.29, a PEG ratio of 1.69 and a beta of 0.48. Royal Gold, Inc. has a 52 week low of $147.20 and a 52 week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. During the same period in the prior year, the business earned $1.63 earnings per share. The company’s revenue for the quarter was up 85.2% compared to the same quarter last year. Analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Royal Gold’s dividend payout ratio is 27.90%.

Insider Transactions at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares of the company’s stock, valued at approximately $1,698,162.03. This represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the sale, the senior vice president owned 20,140 shares in the company, valued at $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.49% of the company’s stock.

Royal Gold Company 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.