Aubrey Capital Management Ltd Sells 5,713 Shares of Royal Gold, Inc. $RGLD

Aubrey Capital Management Ltd cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 78.1% in the 1st quarter, HoldingsChannel reports. The fund owned 1,600 shares of the basic materials company’s stock after selling 5,713 shares during the quarter. Aubrey Capital Management Ltd’s holdings in Royal Gold were worth $407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in Royal Gold in the 4th quarter worth approximately $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold in the fourth quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold during the fourth quarter valued at approximately $30,000. Finally, Bank & Trust Co boosted its stake in shares of Royal Gold by 600.0% during 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 during the period. 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 company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

RGLD has been the topic of several analyst reports. Weiss Ratings downgraded shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Scotiabank reissued a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday. Jefferies Financial Group cut their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. UBS Group decreased their price objective on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $280.27.

Royal Gold Trading Up 0.0%

NASDAQ RGLD opened at $193.51 on Wednesday. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The firm has a market capitalization of $16.42 billion, a PE ratio of 23.06, a P/E/G ratio of 1.36 and a beta of 0.44. The stock’s 50 day moving average is $214.77 and its 200 day moving average is $244.64.

Royal Gold Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is 22.65%.

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.