Capstone Capital Management Ltd Purchases Shares of 2,630 Royal Gold, Inc. $RGLD

Capstone Capital Management Ltd purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,630 shares of the basic materials company’s stock, valued at approximately $585,000.

A number of other institutional investors have also modified their holdings of the company. Capital World Investors boosted its position in shares of Royal Gold by 1.0% in the third quarter. Capital World Investors now owns 9,055,075 shares of the basic materials company’s stock worth $1,816,267,000 after acquiring an additional 93,282 shares during the last quarter. Vanguard Group Inc. increased its holdings in Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp boosted its stake in Royal Gold by 104.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after acquiring an additional 2,547,076 shares during the last quarter. State Street Corp grew its stake in Royal Gold by 5.4% in the third quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock worth $666,300,000 after purchasing an additional 170,430 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Royal Gold by 0.7% in the 3rd quarter. Northern Trust Corp now owns 1,030,501 shares of the basic materials company’s stock worth $206,698,000 after acquiring an additional 6,710 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,573 shares of company stock valued at $2,370,831. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 0.9%

Royal Gold stock opened at $226.23 on Tuesday. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.85 and a beta of 0.43. The company’s 50-day moving average price is $250.28 and its two-hundred day moving average price is $241.18. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

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 for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The company had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same period in the prior year, the company posted $1.63 earnings per share. The company’s revenue was up 85.2% on a year-over-year basis. On average, analysts expect that Royal Gold, Inc. will post 11.65 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RGLD shares. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target on the stock. in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $273.64.

About Royal Gold

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.