Headlands Technologies LLC Takes Position in Royal Gold, Inc. $RGLD

Headlands Technologies LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,997 shares of the basic materials company’s stock, valued at approximately $598,000.

A number of other hedge funds have also made changes to their positions in the company. Axiom Investment Management LLC bought a new position in Royal Gold during the 1st quarter valued at about $25,000. Elyxium Wealth LLC bought a new stake in Royal Gold during the fourth quarter worth about $27,000. Gen Wealth Partners Inc bought a new stake in Royal Gold during the fourth quarter worth about $27,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Gold during the first quarter worth approximately $32,000. Finally, Grove Bank & Trust increased its holdings 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 worth $26,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Up 1.7%

Shares of NASDAQ RGLD opened at $258.38 on Thursday. Royal Gold, Inc. has a 1-year low of $168.88 and a 1-year high of $306.25. The company has a market cap of $21.89 billion, a PE ratio of 28.21, a P/E/G ratio of 1.91 and a beta of 0.50. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $218.07 and a two-hundred day moving average of $235.96.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. During the same period in the prior year, the firm earned $1.81 earnings per share. Royal Gold’s revenue was up 114.9% compared to the same quarter last year. As a group, equities analysts expect that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of several recent analyst reports. UBS Group boosted their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, Weiss Ratings lowered Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $285.10.

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.