Royal Gold, Inc. $RGLD Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,176,330 shares of the basic materials company’s stock after selling 21,400 shares during the quarter. Royal Gold makes up 2.5% of Findlay Park Partners LLP’s portfolio, making the stock its 11th largest holding. Findlay Park Partners LLP owned about 1.79% of Royal Gold worth $235,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Royal Gold during the 2nd quarter worth $68,029,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Royal Gold by 1,090.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 319,454 shares of the basic materials company’s stock valued at $56,811,000 after acquiring an additional 292,611 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Royal Gold by 52.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 833,181 shares of the basic materials company’s stock worth $148,173,000 after acquiring an additional 286,268 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Royal Gold in the 2nd quarter worth about $45,184,000. Finally, Invesco Ltd. lifted its position in Royal Gold by 19.5% in the 2nd quarter. Invesco Ltd. now owns 928,332 shares of the basic materials company’s stock valued at $165,095,000 after purchasing an additional 151,492 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on RGLD shares. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. TD Cowen lifted their target price on Royal Gold from $261.00 to $263.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Raymond James Financial set a $264.00 price target on Royal Gold in a research report on Thursday, November 6th. Finally, Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research note on Monday, January 26th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.50.

Insiders Place Their Bets

In other news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the transaction, the director owned 6,129 shares in the company, valued at approximately $1,698,162.03. This trade represents a 40.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $299.79 on Friday. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 0.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold, Inc. has a 12 month low of $142.95 and a 12 month high of $306.25. The stock’s 50 day moving average price is $263.60 and its 200 day moving average price is $215.72.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $360.85 million for the quarter, compared to the consensus estimate of $425.47 million. During the same period in the previous year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. Equities research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.6%. Royal Gold’s payout ratio is 27.90%.

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.