Callan Family Office LLC Buys Shares of 3,419 Royal Gold, Inc. $RGLD

Callan Family Office LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,419 shares of the basic materials company’s stock, valued at approximately $682,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Royal Gold by 99.5% during the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares during the period. Focus Partners Wealth grew its stake in Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 2,876 shares during the period. Brown Advisory Inc. raised its holdings in Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 796 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after acquiring an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after purchasing an additional 1,072 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the topic of several analyst reports. Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Scotiabank reissued a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research note on Tuesday, July 14th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, UBS Group upped their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $285.10.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $267.76 on Wednesday. The company has a market cap of $22.69 billion, a P/E ratio of 29.23, a P/E/G ratio of 2.00 and a beta of 0.44. The firm’s 50 day moving average is $212.06 and its two-hundred day moving average is $236.44. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. 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 announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. The company had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s quarterly revenue was up 114.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 EPS. Analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Announces Dividend

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

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

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.