Meiji Yasuda Asset Management Co Ltd. Sells 2,299 Shares of Royal Gold, Inc. $RGLD

Meiji Yasuda Asset Management Co Ltd. cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,981 shares of the basic materials company’s stock after selling 2,299 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Royal Gold were worth $5,108,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Royal Gold in the fourth quarter worth approximately $27,000. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold during the 4th quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at $30,000. Bank & Trust Co raised its position in shares of 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 during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Royal Gold during the 3rd quarter valued at $29,000. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on RGLD shares. Scotiabank downgraded shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective on the stock. in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. National Bank Financial decreased their price objective on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, UBS Group set a $325.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eight investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.64.

Insider Activity at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Randy Shefman sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president directly owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,400 shares of company stock valued at $1,214,618. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 0.9%

Shares of RGLD stock opened at $220.29 on Friday. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.80 and a beta of 0.43. The company’s fifty day moving average price is $245.59 and its 200-day moving average price is $241.98. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 3.26.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted 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). The company had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The business’s revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. Sell-side analysts expect that Royal Gold, Inc. will post 11.55 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Royal Gold Company 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.