Royal Gold, Inc. $RGLD Stock Position Lifted by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 108.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,744 shares of the basic materials company’s stock after buying an additional 2,466 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Royal Gold were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Van ECK Associates Corp grew its holdings in shares of Royal Gold by 104.1% during the 3rd quarter. Van ECK Associates Corp now owns 4,994,944 shares of the basic materials company’s stock valued at $1,001,885,000 after acquiring an additional 2,547,076 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after acquiring an additional 1,681,577 shares in the last quarter. Capital International Investors purchased a new stake in shares of Royal Gold during the fourth quarter worth $332,026,000. Nuveen LLC boosted its position in Royal Gold by 457.5% during the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after purchasing an additional 759,810 shares during the last quarter. Finally, Capital World Investors boosted its position in Royal Gold by 7.5% during the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 1.5%

RGLD stock opened at $207.57 on Friday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a fifty day simple moving average of $237.29 and a 200 day simple moving average of $245.35. The firm has a market cap of $17.62 billion, a PE ratio of 24.74, a PEG ratio of 1.52 and a beta of 0.41.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s dividend payout ratio (DPR) is 22.65%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RGLD has been the topic of several research reports. Weiss Ratings lowered Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. 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, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.70.

About Royal Gold

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.