Gabelli Funds LLC Buys 16,225 Shares of Royal Gold, Inc. $RGLD

Gabelli Funds LLC increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,140 shares of the basic materials company’s stock after acquiring an additional 16,225 shares during the quarter. Gabelli Funds LLC’s holdings in Royal Gold were worth $49,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. North Dakota State Investment Board bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $515,000. Elyxium Wealth LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $27,000. Burford Brothers Inc. bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $208,000. Dana Investment Advisors Inc. grew its position in shares of Royal Gold by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,805 shares of the basic materials company’s stock worth $5,069,000 after buying an additional 213 shares during the last quarter. Finally, DNB Asset Management AS bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $247,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RGLD shares. National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Scotiabank lowered 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. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $273.64.

Insider Buying and Selling

In other Royal Gold news, 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 transaction of $421,218.00. Following the completion of the transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction on Monday, May 11th. The shares were sold at an average price of $243.74, for a total value of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,573 shares of company stock worth $2,370,831 over the last three months. 0.35% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

RGLD opened at $228.32 on Monday. The stock has a market cap of $19.38 billion, a PE ratio of 27.21, a PEG ratio of 1.85 and a beta of 0.43. 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 moving average of $251.28 and a 200-day moving average of $240.86. 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 earnings results 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). The firm had revenue of $310.83 million during 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 company’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. Equities research analysts predict that Royal Gold, Inc. will post 11.65 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. The ex-dividend date was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s 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.