Extract Advisors LLC Has $30.62 Million Position in Royal Gold, Inc. $RGLD

Extract Advisors LLC lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,332 shares of the basic materials company’s stock after selling 26,399 shares during the quarter. Royal Gold accounts for about 10.7% of Extract Advisors LLC’s investment portfolio, making the stock its biggest holding. Extract Advisors LLC’s holdings in Royal Gold were worth $30,623,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RGLD. Elyxium Wealth LLC purchased a new position in Royal Gold in the 4th quarter worth about $27,000. Gen Wealth Partners Inc bought a new position in Royal Gold during the 4th quarter valued at about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Gold during the 1st quarter valued at about $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold during the 4th quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Royal Gold in the fourth quarter worth approximately $30,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RGLD. Weiss Ratings cut shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. National Bank Financial cut their target price 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. Royal Bank Of Canada decreased their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Scotiabank reissued a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Finally, UBS Group dropped their price target on Royal Gold from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.27.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Royal Gold Trading Up 0.0%

Royal Gold stock opened at $201.02 on Tuesday. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. The company has a market cap of $17.06 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.38 and a beta of 0.44. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $207.14 and a two-hundred day simple moving average of $242.54.

Royal Gold Dividend Announcement

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