Louisbourg Investments Inc. Invests $3.94 Million in Royal Gold, Inc. $RGLD

Louisbourg Investments Inc. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,717 shares of the basic materials company’s stock, valued at approximately $3,938,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Encompass More Asset Management lifted its position in Royal Gold by 4.2% in the third quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 52 shares during the last quarter. Sowell Financial Services LLC boosted its position in shares of Royal Gold by 4.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Royal Gold by 33.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company’s stock worth $44,000 after buying an additional 56 shares during the last quarter. Compound Planning Inc. grew its stake in Royal Gold by 4.4% during the 3rd quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company’s stock worth $264,000 after buying an additional 56 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its position in Royal Gold by 2.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company’s stock worth $529,000 after buying an additional 59 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of RGLD opened at $262.63 on Friday. The company has a 50-day simple moving average of $269.14 and a 200-day simple moving average of $228.75. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $22.27 billion, a PE ratio of 38.57, a P/E/G ratio of 1.58 and a beta of 0.55. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The company had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. Equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued a $0.475 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio is currently 27.90%.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 4,173 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the completion of the transaction, the director directly 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of Royal Gold stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,573 shares of company stock valued at $2,127,091 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RGLD shares. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Thursday, January 22nd. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a report on Wednesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $270.00 price target on shares of Royal Gold in a research report on Sunday, December 7th. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, 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. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.50.

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.