Stephens Inc. AR Sells 3,189 Shares of Royal Gold, Inc. $RGLD

Stephens Inc. AR reduced its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 11.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,128 shares of the basic materials company’s stock after selling 3,189 shares during the quarter. Stephens Inc. AR’s holdings in Royal Gold were worth $5,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in Royal Gold during the 4th quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in Royal Gold during the 4th quarter valued at about $30,000. Bank & Trust Co increased its stake in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold during the 3rd quarter valued at about $29,000. Finally, Sunbelt Securities Inc. increased its stake in Royal Gold by 8,400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 168 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Performance

RGLD opened at $228.32 on Monday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $19.38 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.85 and a beta of 0.43. The company’s 50 day moving average is $251.28 and its 200 day moving average is $240.86. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The business had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The business’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 EPS. On average, equities research analysts predict that Royal Gold, Inc. will post 11.65 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s payout ratio is currently 22.65%.

Insider Activity

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of Royal Gold stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the transaction, the director owned 6,129 shares of the company’s stock, valued at $1,698,162.03. The trade was a 40.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director directly owned 20,043 shares in the company, valued at $5,508,417.69. This represents a 9.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,573 shares of company stock worth $2,370,831 over the last ninety days. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on RGLD shares. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. National Bank Financial reduced their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. UBS Group set a $325.00 price target on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, two have assigned 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 “Moderate Buy” and a consensus price target of $273.64.

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.