Eagle Global Advisors LLC Purchases Shares of 2,812 Royal Gold, Inc. $RGLD

Eagle Global Advisors LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,812 shares of the basic materials company’s stock, valued at approximately $625,000.

A number of other institutional investors have also recently made changes to their positions in RGLD. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold in the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Royal Gold during the 4th quarter valued at approximately $30,000. Bank & Trust Co grew its holdings in Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold in the 3rd quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. increased its stake in Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RGLD. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Gold in a report on Tuesday. National Bank Financial decreased their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Scotiabank cut shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. Zacks Research downgraded shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, UBS Group set a $325.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research report on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $273.64.

Royal Gold Stock Performance

NASDAQ:RGLD opened at $251.54 on Thursday. The firm has a market capitalization of $21.34 billion, a PE ratio of 36.94, a PEG ratio of 1.52 and a beta of 0.55. The stock’s fifty day moving average is $265.11 and its 200 day moving average is $235.76. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The firm had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter last year, the firm earned $1.63 EPS. The company’s revenue was up 85.2% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 12.19 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, April 2nd. Royal Gold’s dividend payout ratio is presently 27.90%.

Insider Buying and Selling

In other news, Director Mark Isto sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the transaction, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 1,400 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the sale, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,573 shares of company stock valued at $2,127,091 in the last ninety days. 0.35% of the stock is owned by company insiders.

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.