World Investment Advisors Makes New $1.10 Million Investment in Royal Gold, Inc. $RGLD

World Investment Advisors acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,963 shares of the basic materials company’s stock, valued at approximately $1,103,000.

Several other large investors also recently modified their holdings of the stock. Capital World Investors lifted its position in shares of Royal Gold by 7.5% during the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after buying an additional 678,732 shares during the period. Vanguard Group Inc. grew its position in Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares during the period. Van ECK Associates Corp grew its position in Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after acquiring an additional 905,488 shares during the period. State Street Corp raised its stake in Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock worth $826,618,000 after acquiring an additional 396,778 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Royal Gold by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock worth $434,063,000 after acquiring an additional 78,344 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

NASDAQ RGLD opened at $214.82 on Monday. The firm has a market cap of $18.23 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The stock’s 50 day simple moving average is $232.70 and its 200 day simple moving average is $246.34. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio is presently 22.65%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RGLD. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. National Bank Financial dropped their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Eight research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $280.70.

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.