Verition Fund Management LLC Purchases 4,852 Shares of Royal Gold, Inc. $RGLD

Verition Fund Management LLC lifted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,644 shares of the basic materials company’s stock after purchasing an additional 4,852 shares during the quarter. Verition Fund Management LLC owned 0.25% of Royal Gold worth $46,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in Royal Gold in the 4th quarter valued at $27,000. Gen Wealth Partners Inc acquired a new position in shares of Royal Gold in the 4th quarter valued at $27,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Royal Gold during the 3rd quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $30,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Price Performance

Royal Gold stock opened at $207.57 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. The firm has a market cap of $17.62 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.54 and a beta of 0.42. The business’s fifty day moving average is $237.29 and its two-hundred day moving average is $245.73. Royal Gold, Inc. has a 52 week low of $150.75 and a 52 week high of $306.25.

Royal Gold Dividend Announcement

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

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The shares were 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 $2,213,646.68. This 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. 0.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on RGLD. National Bank Financial cut their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group set a $325.00 price target on Royal Gold and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Eight 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. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.70.

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.