Royal Gold, Inc. $RGLD Shares Purchased by Vestcor Inc

Vestcor Inc raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 62.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,177 shares of the basic materials company’s stock after purchasing an additional 12,381 shares during the quarter. Vestcor Inc’s holdings in Royal Gold were worth $7,153,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RGLD. Goldman Sachs Group Inc. grew its stake in Royal Gold by 99.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after purchasing an additional 84,206 shares in the last quarter. Focus Partners Wealth lifted its holdings in Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after buying an additional 2,876 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Royal Gold by 28.9% during the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after buying an additional 796 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Royal Gold by 43.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after buying an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after buying an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Down 6.4%

Shares of NASDAQ RGLD opened at $206.07 on Friday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.63 and a beta of 0.41. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $241.41 and its 200 day simple moving average is $244.70.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Wall Street Analyst Weigh In

A number of research firms have commented on RGLD. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 target price on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. 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 report on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Royal Gold has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Isto sold 2,000 shares of the firm’s 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 completion of the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.35% of the company’s stock.

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.