Manatuck Hill Partners LLC Invests $1.04 Million in Royal Gold, Inc. $RGLD

Manatuck Hill Partners LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,225 shares of the basic materials company’s stock, valued at approximately $1,043,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. Axiom Investment Management LLC acquired a new position in Royal Gold during the 1st quarter worth approximately $25,000. Elyxium Wealth LLC acquired a new stake in Royal Gold in the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc bought a new stake in shares of Royal Gold during the fourth quarter worth $27,000. Scarborough Advisors LLC bought a new stake in shares of Royal Gold during the first quarter worth $32,000. Finally, Grove Bank & Trust increased its holdings in shares of Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

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

Royal Gold Stock Performance

NASDAQ RGLD opened at $267.76 on Wednesday. The company has a market capitalization of $22.69 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.00 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, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The stock has a fifty day simple moving average of $212.06 and a 200 day simple moving average of $236.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business’s revenue was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 EPS. Sell-side 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. Shareholders of record on Friday, October 2nd will be given 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 of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio is currently 20.74%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. UBS Group lifted their price target on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Seven investment 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $285.10.

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.