Findlay Park Partners LLP Makes New Investment in Royal Gold, Inc. $RGLD

Findlay Park Partners LLP bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 558,050 shares of the basic materials company’s stock, valued at approximately $111,392,000. Findlay Park Partners LLP owned 0.66% of Royal Gold as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in Royal Gold during the 1st quarter valued at about $25,000. Grove Bank & Trust increased its position in shares of Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Royal Gold during the fourth quarter valued at approximately $27,000. Gen Wealth Partners Inc purchased a new position in Royal Gold in the 4th quarter worth approximately $27,000. Finally, Scarborough Advisors LLC purchased a new position in Royal Gold in the 1st quarter worth approximately $32,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the sale, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several recent analyst reports. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. UBS Group lifted their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings lowered shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Jefferies Financial Group decreased their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Royal Gold currently has an average rating of “Hold” and an average price target of $285.10.

Royal Gold Stock Performance

RGLD opened at $259.01 on Friday. The company has a 50 day simple moving average of $210.17 and a two-hundred day simple moving average of $236.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The firm has a market cap of $21.95 billion, a P/E ratio of 28.28, a PEG ratio of 1.95 and a beta of 0.44. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. The company had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. Royal Gold’s quarterly revenue was up 114.9% on a year-over-year basis. During the same period last year, the company posted $1.81 earnings per share. Equities analysts forecast that Royal Gold, Inc. will post 10.32 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s dividend payout ratio is currently 20.74%.

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.