Partners Group Holding AG Buys New Position in Royal Gold, Inc. $RGLD

Partners Group Holding AG bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,204 shares of the basic materials company’s stock, valued at approximately $935,000.

Other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new stake in shares of Royal Gold in the 4th quarter valued at about $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold during the 4th quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Royal Gold during the 4th quarter valued at approximately $30,000. Bank & Trust Co raised 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 acquiring an additional 120 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Royal Gold during the 3rd quarter valued at approximately $29,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group set a $325.00 price objective on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Scotiabank downgraded 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. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $273.64.

Royal Gold Stock Performance

Shares of RGLD stock opened at $218.93 on Wednesday. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.83 and a beta of 0.43. The stock has a 50 day simple moving average of $249.06 and a 200-day simple moving average of $241.48. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results 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 for 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% on a year-over-year basis. During the same period last year, the company posted $1.63 earnings per share. On average, equities analysts forecast that Royal Gold, Inc. will post 11.65 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio is 22.65%.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the completion of the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,573 shares of company stock valued at $2,370,831. Corporate 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.