McAlvany Wealth Management LLC Has $11.85 Million Stake in Royal Gold, Inc. $RGLD

McAlvany Wealth Management LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,626 shares of the basic materials company’s stock after purchasing an additional 4,233 shares during the quarter. Royal Gold accounts for approximately 7.4% of McAlvany Wealth Management LLC’s portfolio, making the stock its 2nd largest position. McAlvany Wealth Management LLC’s holdings in Royal Gold were worth $11,849,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RGLD. Elyxium Wealth LLC purchased a new stake in Royal Gold in the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold during the fourth quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new position in Royal Gold in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold in the 4th quarter worth approximately $30,000. Finally, Bank & Trust Co increased its holdings in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock worth $31,000 after buying an additional 120 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Down 1.1%

Shares of NASDAQ RGLD opened at $189.17 on Friday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26. The firm’s 50 day simple moving average is $212.07 and its two-hundred day simple moving average is $243.68. The stock has a market capitalization of $16.05 billion, a P/E ratio of 22.55, a PEG ratio of 1.34 and a beta of 0.44.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio is 22.65%.

Insider Activity

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. UBS Group cut their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. National Bank Financial reduced their target price on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.27.

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.