Royal Gold, Inc. $RGLD Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 139,408 shares of the basic materials company’s stock after selling 7,707 shares during the period. Copeland Capital Management LLC’s holdings in Royal Gold were worth $30,989,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $30,000. Bank & Trust Co grew its stake in Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 120 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold in the 3rd quarter valued at $29,000. Finally, Sunbelt Securities Inc. increased its holdings 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 in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on RGLD. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Scotiabank lowered shares of Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 target price on the stock. in a research report on Monday, January 26th. National Bank Financial dropped their target price on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the stock a “buy” rating in a report on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $273.64.

Insider Buying and Selling

In related news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the business’s 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 transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,573 shares of company stock worth $2,127,091. Insiders own 0.35% of the company’s stock.

Royal Gold Trading Down 0.1%

RGLD stock opened at $251.25 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 36.89, a PEG ratio of 1.51 and a beta of 0.55. The business’s 50-day moving average is $264.68 and its 200 day moving average is $235.87.

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 (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company’s quarterly 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 EPS for the current fiscal year.

Royal Gold Announces Dividend

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

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.