Winmill & CO. Inc. Acquires Shares of 8,400 Royal Gold, Inc. $RGLD

Winmill & CO. Inc. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,400 shares of the basic materials company’s stock, valued at approximately $1,677,000.

A number of other hedge funds also recently modified their holdings of RGLD. Bank of Nova Scotia grew its stake in Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after buying an additional 43 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Royal Gold by 1.5% during the first quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after acquiring an additional 44 shares during the last quarter. Hilltop Holdings Inc. lifted its position in Royal Gold by 0.6% during the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after acquiring an additional 46 shares during the last quarter. Compound Planning Inc. boosted its holdings in shares of Royal Gold by 3.3% during the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after acquiring an additional 47 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Royal Gold by 0.6% during the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock worth $2,191,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RGLD shares. Jefferies Financial Group decreased their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank reissued a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $285.10.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the transaction, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $259.01 on Monday. The company’s 50 day moving average price is $210.17 and its two-hundred day moving average price is $236.44. Royal Gold, Inc. has a 12-month low of $168.88 and a 12-month high of $306.25. The firm has a market cap of $21.95 billion, a PE ratio of 28.28, a PEG ratio of 1.95 and a beta of 0.44. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period in the previous year, the business earned $1.81 earnings per share. The firm’s quarterly revenue was up 114.9% on a year-over-year basis. Equities research analysts predict that Royal Gold, Inc. will post 10.32 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

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.