Royal Gold, Inc. $RGLD Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 35.0% in the fourth quarter, HoldingsChannel reports. The firm owned 9,548 shares of the basic materials company’s stock after acquiring an additional 2,477 shares during the period. Hsbc Holdings PLC’s holdings in Royal Gold were worth $2,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake 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 purchasing an additional 2,547,076 shares during the period. Vanguard Group Inc. boosted 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 worth $1,867,001,000 after buying an additional 1,681,577 shares during the period. Capital International Investors acquired a new stake in shares of Royal Gold in the fourth quarter worth $332,026,000. Arrowstreet Capital Limited Partnership boosted its position 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 during the period. Finally, Nuveen LLC grew its holdings in shares of Royal Gold by 457.5% during the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after buying an additional 759,810 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RGLD shares. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial dropped 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. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.70.

Royal Gold Trading Down 2.8%

Royal Gold stock opened at $202.12 on Tuesday. Royal Gold, Inc. has a 12 month low of $150.75 and a 12 month high of $306.25. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The stock has a market cap of $17.15 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.54 and a beta of 0.42. The company’s fifty day simple moving average is $225.45 and its 200-day simple moving average is $246.56.

Royal Gold Dividend Announcement

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

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

About Royal Gold

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.