Independent Financial Group LLC Invests $662,000 in Royal Gold, Inc. $RGLD

Independent Financial Group LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,601 shares of the basic materials company’s stock, valued at approximately $662,000.

Other institutional investors have also bought and sold shares of the company. Louisbourg Investments Inc. bought a new position in shares of Royal Gold during the 4th quarter worth about $3,938,000. SG Americas Securities LLC raised its stake in Royal Gold by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after buying an additional 6,109 shares during the period. Plancorp LLC raised its stake in Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after buying an additional 5,646 shares during the period. World Investment Advisors bought a new position in Royal Gold in the fourth quarter worth approximately $1,024,000. Finally, Bar Harbor Wealth Management bought a new position in Royal Gold in the fourth quarter worth approximately $7,916,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 3.7%

Shares of RGLD opened at $201.26 on Thursday. The business’s 50-day moving average price is $209.01 and its 200-day moving average price is $243.20. The stock has a market cap of $17.08 billion, a PE ratio of 23.99, a P/E/G ratio of 1.33 and a beta of 0.44. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month 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.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio is presently 22.65%.

Analyst Ratings Changes

Several equities research analysts have recently commented on RGLD shares. National Bank Financial decreased their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Jefferies Financial Group cut their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada reduced their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Scotiabank restated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and an average target price of $280.27.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.