Kestra Investment Management LLC Acquires 2,734 Shares of Royal Gold, Inc. $RGLD

Kestra Investment Management LLC grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 74.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,423 shares of the basic materials company’s stock after acquiring an additional 2,734 shares during the quarter. Kestra Investment Management LLC’s holdings in Royal Gold were worth $1,428,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at about $27,000. Trust Co. of Toledo NA OH acquired a new position in Royal Gold in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new position in Royal Gold in the fourth quarter valued at about $30,000. Bank & Trust Co raised its stake in Royal Gold by 600.0% in the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold in the third quarter valued at about $29,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 2.6%

Shares of NASDAQ RGLD opened at $225.95 on Wednesday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $19.18 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.78 and a beta of 0.43. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The stock has a 50-day moving average price of $243.93 and a two-hundred day moving average price of $243.18.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s payout ratio is presently 22.65%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. National Bank Financial dropped their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.64.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 1,400 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,400 shares of company stock valued at $1,214,618. 0.35% of the stock is currently 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.