Delta Global Management LP Buys Shares of 10,323 Royal Gold, Inc. $RGLD

Delta Global Management LP bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, Holdings Channel reports. The fund bought 10,323 shares of the basic materials company’s stock, valued at approximately $2,295,000.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Van ECK Associates Corp grew its holdings in 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. Vanguard Group Inc. grew its holdings in 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. Capital International Investors bought a new stake in Royal Gold during the 4th quarter worth approximately $332,026,000. Arrowstreet Capital Limited Partnership grew its holdings in Royal Gold by 89.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after acquiring an additional 874,329 shares during the last quarter. Finally, Nuveen LLC grew its holdings in Royal Gold by 457.5% during the 4th quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock worth $205,820,000 after acquiring an additional 759,810 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Trading Up 3.8%

NASDAQ:RGLD opened at $215.52 on Tuesday. The firm’s fifty day moving average is $236.35 and its 200-day moving average is $245.90. 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. The firm has a market cap of $18.29 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.54 and a beta of 0.42.

Royal Gold Dividend Announcement

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

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the company’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 sale, the senior vice president directly owned 9,082 shares of the company’s stock, valued at approximately $2,213,646.68. This represents a 9.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group set a $325.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. National Bank Financial reduced their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Zacks Research lowered shares of Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.70.

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.