Mad River Investors Acquires Shares of 2,656 Royal Gold, Inc. $RGLD

Mad River Investors acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,656 shares of the basic materials company’s stock, valued at approximately $591,000. Royal Gold comprises 0.3% of Mad River Investors’ investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Royal Gold during the fourth quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new position in Royal Gold during the fourth quarter valued at $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold during the fourth quarter valued at $30,000. Bank & Trust Co lifted its position in Royal Gold by 600.0% during the fourth 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 during the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Royal Gold during the third quarter valued at $29,000. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Finally, Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research note on Monday, January 26th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $277.07, for a total value 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. This trade represents a 40.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares in the company, valued at $6,059,521.80. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,573 shares of company stock worth $2,370,831. 0.35% of the stock is currently owned by corporate insiders.

Royal Gold Trading Down 3.2%

Shares of RGLD opened at $218.93 on Wednesday. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a market cap of $18.58 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.83 and a beta of 0.43. 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’s fifty day simple moving average is $249.06 and its 200-day simple moving average is $241.48.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 22.65%.

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.