18,753 Shares in Royal Gold, Inc. $RGLD Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,753 shares of the basic materials company’s stock, valued at approximately $4,772,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGLD. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Royal Gold by 8.6% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,000 shares of the basic materials company’s stock worth $4,835,000 after acquiring an additional 1,500 shares during the period. Elevation Point Wealth Partners LLC increased its holdings in shares of Royal Gold by 12.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,108 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 121 shares during the period. Strs Ohio raised its stake in shares of Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock worth $2,191,000 after purchasing an additional 48 shares during the last quarter. Keybank National Association OH purchased a new position in shares of Royal Gold in the first quarter worth about $249,000. Finally, Acorn Financial Advisory Services Inc. ADV acquired a new stake in shares of Royal Gold during the first quarter worth about $678,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of recent research reports. UBS Group dropped their target price on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. 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 report on Friday, April 17th. Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $276.20.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of RGLD opened at $204.13 on Monday. The business’s 50-day moving average is $220.84 and its two-hundred day moving average is $246.16. The company has a market capitalization of $17.32 billion, a P/E ratio of 24.33, a P/E/G ratio of 1.52 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold Dividend Announcement

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

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.