Capital International Investors Invests $332.03 Million in Royal Gold, Inc. $RGLD

Capital International Investors acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,493,661 shares of the basic materials company’s stock, valued at approximately $332,026,000.

A number of other hedge funds have also modified their holdings of RGLD. Van ECK Associates Corp increased its stake in shares of 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 worth $1,001,885,000 after purchasing an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Royal Gold by 33.6% during the 4th quarter. Bank of New York Mellon Corp now owns 834,789 shares of the basic materials company’s stock worth $185,565,000 after purchasing an additional 209,851 shares in the last quarter. State Street Corp increased its stake in shares of Royal Gold by 5.4% during the 3rd 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, Arrowstreet Capital Limited Partnership increased its stake in shares of Royal Gold by 17.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 981,548 shares of the basic materials company’s stock worth $196,879,000 after purchasing an additional 148,367 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In other news, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. National Bank Financial lowered their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Royal Gold has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $206.07 on Monday. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The firm has a fifty day moving average of $241.41 and a 200-day moving average of $245.12. The stock has a market capitalization of $17.49 billion, a PE ratio of 24.56, a P/E/G ratio of 1.53 and a beta of 0.42. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08.

Royal Gold Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

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.