Morling Financial Advisors LLC Makes New $550,000 Investment in Royal Gold, Inc. $RGLD

Morling Financial Advisors LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,475 shares of the basic materials company’s stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Global Retirement Partners LLC boosted its position in Royal Gold by 376.5% in the fourth quarter. Global Retirement Partners LLC now owns 2,778 shares of the basic materials company’s stock worth $618,000 after purchasing an additional 2,195 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC purchased a new position in Royal Gold in the fourth quarter worth $205,000. Leonteq Securities AG purchased a new position in Royal Gold in the fourth quarter worth $1,886,000. Rathbones Group PLC boosted its position in Royal Gold by 71.7% in the fourth quarter. Rathbones Group PLC now owns 1,975 shares of the basic materials company’s stock worth $439,000 after purchasing an additional 825 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Royal Gold by 105.3% in the fourth quarter. IFP Advisors Inc now owns 11,732 shares of the basic materials company’s stock worth $2,608,000 after purchasing an additional 6,018 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RGLD shares. National Bank Financial dropped their price target 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. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price target on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Stock Performance

Shares of RGLD opened at $223.09 on Thursday. The stock’s 50-day simple moving average is $247.89 and its 200 day simple moving average is $241.80. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.79 and a beta of 0.43. 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, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). The company had revenue of $310.83 million for the quarter, compared to analysts’ expectations of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The business’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. Research analysts forecast that Royal Gold, Inc. will post 11.55 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total transaction of $421,218.00. Following the sale, the senior vice president owned 20,140 shares of the company’s stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the stock in a transaction dated 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 sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 8,573 shares of company stock worth $2,370,831. Company insiders own 0.35% of the company’s stock.

Royal Gold Company 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.