Inceptionr LLC Buys Shares of 3,392 Royal Gold, Inc. $RGLD

Inceptionr LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,392 shares of the basic materials company’s stock, valued at approximately $863,000.

Several other institutional investors and hedge funds have also modified their holdings of RGLD. Louisbourg Investments Inc. bought a new stake in shares of Royal Gold in the fourth quarter valued at about $3,938,000. SG Americas Securities LLC raised its position in Royal Gold by 52.8% in the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock valued at $3,928,000 after buying an additional 6,109 shares during the last quarter. Plancorp LLC lifted its stake in Royal Gold by 69.8% in the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock valued at $3,053,000 after acquiring an additional 5,646 shares in the last quarter. Bar Harbor Wealth Management acquired a new position in Royal Gold during the 4th quarter worth approximately $7,916,000. Finally, World Investment Advisors bought a new position in shares of Royal Gold during the 4th quarter worth approximately $1,024,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Trading Up 0.7%

Shares of NASDAQ:RGLD opened at $200.96 on Friday. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The stock has a market cap of $17.05 billion, a PE ratio of 23.95, a P/E/G ratio of 1.37 and a beta of 0.44. The business has a 50 day moving average of $207.65 and a 200-day moving average of $242.75. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were issued 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 was Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RGLD. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 2nd. UBS Group reduced their price objective on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Scotiabank restated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada dropped their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average target price of $280.27.

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.