Handelsbanken Fonder AB Has $5.84 Million Stock Holdings in Royal Gold, Inc. $RGLD

Handelsbanken Fonder AB boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 25.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,258 shares of the basic materials company’s stock after purchasing an additional 5,256 shares during the period. Handelsbanken Fonder AB’s holdings in Royal Gold were worth $5,837,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital World Investors lifted 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 valued at $1,816,267,000 after buying an additional 93,282 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Royal Gold by 104.1% in the third 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 buying an additional 2,547,076 shares during the last quarter. State Street Corp lifted its position in shares of 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 valued at $666,300,000 after buying an additional 170,430 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Royal Gold by 0.7% in the third quarter. Northern Trust Corp now owns 1,030,501 shares of the basic materials company’s stock valued at $206,698,000 after buying an additional 6,710 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. National Bank Financial cut their price objective on 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, Scotiabank cut Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research report on Monday, January 26th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $220.29 on Friday. The firm has a market cap of $18.70 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.43. 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, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The business’s 50 day moving average is $245.59 and its 200-day moving average is $241.98.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its 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). The firm had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.Royal Gold’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Equities research analysts predict that Royal Gold, Inc. will post 11.55 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 1,400 shares of the 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 transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% 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. Also, Director Mark Isto sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the transaction, the director owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,400 shares of company stock worth $1,214,618. Company insiders own 0.35% of the company’s stock.

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.