Caitlin John LLC Invests $616,000 in Royal Gold, Inc. $RGLD

Caitlin John LLC 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,084 shares of the basic materials company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Axiom Investment Management LLC purchased a new position in Royal Gold during the 1st quarter worth approximately $25,000. Elyxium Wealth LLC acquired a new stake in Royal Gold during the 4th quarter valued at approximately $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold in the 4th quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Gold in the 1st quarter valued at $32,000. Finally, Grove Bank & Trust increased its stake in shares of Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were 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 owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $268.96 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.00 and a beta of 0.44. The firm’s 50 day simple moving average is $214.10 and its 200-day simple moving average is $236.55. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results 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. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same period in the previous year, the business posted $1.81 EPS. The business’s revenue was up 114.9% compared to the same quarter last year. Analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.