Signature Estate & Investment Advisors LLC Grows Holdings in Royal Gold, Inc. $RGLD

Signature Estate & Investment Advisors LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 113,682 shares of the basic materials company’s stock after acquiring an additional 2,910 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Royal Gold were worth $25,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares during the period. Focus Partners Wealth raised its holdings in shares of Royal Gold by 51.5% in the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock valued at $1,384,000 after buying an additional 2,876 shares during the period. Brown Advisory Inc. raised its holdings in shares of Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock valued at $631,000 after buying an additional 796 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock valued at $33,478,000 after buying an additional 56,621 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Royal Gold by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock valued at $4,366,000 after buying an additional 1,072 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Trading Down 0.3%

Shares of NASDAQ:RGLD opened at $222.33 on Friday. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25. The company’s 50 day moving average is $246.70 and its two-hundred day moving average is $242.13. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $18.87 billion, a PE ratio of 26.50, a P/E/G ratio of 1.81 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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 net margin of 48.59% and a return on equity of 12.63%. The firm had revenue of $310.83 million during the quarter, compared to analysts’ expectations of $425.47 million. During the same period in the prior year, the company posted $1.63 earnings per share. The company’s revenue for the quarter was up 85.2% on a year-over-year basis. Equities analysts predict that Royal Gold, Inc. will post 11.55 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 target price on shares of Royal Gold in a research note on Wednesday, February 4th. National Bank Financial cut their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $273.64.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was 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 in the company, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,400 shares of company stock valued at $1,214,618. Insiders own 0.35% of the company’s stock.

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.