45,393 Shares in Royal Gold, Inc. $RGLD Bought by McAlvany Wealth Management LLC

McAlvany Wealth Management LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,393 shares of the basic materials company’s stock, valued at approximately $10,090,000. Royal Gold makes up 7.7% of McAlvany Wealth Management LLC’s holdings, making the stock its 3rd largest holding. McAlvany Wealth Management LLC owned 0.05% of Royal Gold as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RGLD. Van ECK Associates Corp grew its holdings 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 buying an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Royal Gold by 25.0% during 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. Capital International Investors purchased a new position in shares of Royal Gold in the fourth quarter worth $332,026,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Royal Gold by 89.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after buying an additional 874,329 shares in the last quarter. Finally, Nuveen LLC lifted its holdings in shares of Royal Gold by 457.5% in the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock worth $205,820,000 after buying an additional 759,810 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

NASDAQ RGLD opened at $214.82 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The company has a market capitalization of $18.23 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.60 and a beta of 0.41. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The stock has a 50 day moving average price of $232.70 and a 200-day moving average price of $246.02.

Royal Gold Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on RGLD. National Bank Financial cut 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. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.70.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

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.