NFJ Investment Group LLC Invests $50.82 Million in Royal Gold, Inc. $RGLD

NFJ Investment Group LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 228,607 shares of the basic materials company’s stock, valued at approximately $50,817,000. Royal Gold makes up approximately 1.8% of NFJ Investment Group LLC’s portfolio, making the stock its 12th largest position. NFJ Investment Group LLC owned 0.27% of Royal Gold at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RGLD. Elyxium Wealth LLC acquired a new stake in Royal Gold in the fourth quarter valued at $27,000. Gen Wealth Partners Inc acquired a new stake in Royal Gold in the fourth quarter valued at $27,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold in the third quarter valued at $29,000. Trust Co. of Toledo NA OH acquired a new stake in Royal Gold in the fourth quarter valued at $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Royal Gold in the fourth quarter valued at $30,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on RGLD shares. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. National Bank Financial cut their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, UBS Group set a $325.00 price target on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average target price of $280.70.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the 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 approximately $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 1.5%

Shares of NASDAQ:RGLD opened at $207.57 on Friday. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.41. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The company’s fifty day moving average is $237.29 and its two-hundred day moving average is $245.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold Dividend Announcement

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