Royal Gold, Inc. $RGLD Stock Holdings Increased by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.1% during the 4th quarter, Holdings Channel reports. The fund owned 5,900,432 shares of the basic materials company’s stock after purchasing an additional 905,488 shares during the period. Royal Gold makes up approximately 1.1% of Van ECK Associates Corp’s portfolio, making the stock its 23rd largest holding. Van ECK Associates Corp owned approximately 0.07% of Royal Gold worth $1,311,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of RGLD. Goldman Sachs Group Inc. increased its position in shares of Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares during the period. Focus Partners Wealth increased its position in shares of Royal Gold by 51.5% during the 1st 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 during the period. Brown Advisory Inc. increased its position in shares of Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after purchasing an additional 796 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Royal Gold by 43.0% during 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 purchasing an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after purchasing an additional 1,072 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $207.57 on Friday. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The business has a 50-day moving average of $237.29 and a two-hundred day moving average of $245.35. The stock has a market capitalization of $17.62 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.52 and a beta of 0.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RGLD shares. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Finally, National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.70.

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.