DJE Kapital AG Decreases Position in Royal Gold, Inc. $RGLD

DJE Kapital AG reduced its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 41.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,530 shares of the basic materials company’s stock after selling 13,990 shares during the period. DJE Kapital AG’s holdings in Royal Gold were worth $4,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital World Investors lifted its stake in shares of Royal Gold by 7.5% during the 4th quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after acquiring an additional 678,732 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Gold by 25.0% during 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 lifted its stake in shares of Royal Gold by 104.1% during 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 lifted its stake 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 worth $666,300,000 after acquiring an additional 170,430 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 worth $434,063,000 after acquiring an additional 78,344 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 3.8%

Shares of NASDAQ RGLD opened at $204.57 on Friday. 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 stock has a market capitalization of $17.36 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.41. The stock’s fifty day simple moving average is $238.43 and its two-hundred day simple moving average is $245.62. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25.

Royal Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RGLD shares. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a research note on Tuesday, April 21st. Finally, National Bank Financial decreased their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.70.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $243.74, for a total transaction of $243,740.00. Following the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.