Capital World Investors Purchases 678,732 Shares of Royal Gold, Inc. $RGLD

Capital World Investors grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,733,807 shares of the basic materials company’s stock after acquiring an additional 678,732 shares during the quarter. Capital World Investors owned 11.53% of Royal Gold worth $2,163,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after acquiring an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp increased its stake in Royal Gold by 104.1% in the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock worth $1,001,885,000 after acquiring an additional 2,547,076 shares during the last quarter. State Street Corp increased its position in shares of Royal Gold by 5.4% during the 3rd quarter. State Street Corp now owns 3,321,868 shares of the basic materials company’s stock valued at $666,300,000 after purchasing an additional 170,430 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Royal Gold by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after purchasing an additional 78,344 shares during the last quarter. Finally, Capital International Investors bought a new position in shares of Royal Gold during the 4th quarter valued at approximately $332,026,000. Institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares in the company, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Shefman sold 1,000 shares of the business’s 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 approximately $2,213,646.68. The trade was a 9.92% decrease in their position. The SEC filing for this sale provides additional information. 0.35% of the stock is owned by insiders.

Royal Gold Price Performance

RGLD opened at $206.07 on Friday. The business has a fifty day moving average of $241.41 and a 200 day moving average of $244.70. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25. 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 stock has a market cap of $17.49 billion, a P/E ratio of 24.56, a PEG ratio of 1.53 and a beta of 0.41.

Royal Gold Dividend Announcement

The firm 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 is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.9%. Royal Gold’s payout ratio is presently 22.65%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RGLD shares. National Bank Financial cut their target price 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 downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Finally, UBS Group set a $325.00 target price on Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $273.64.

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.