Royal Gold, Inc. $RGLD Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 81,240 shares of the basic materials company’s stock after selling 5,698 shares during the period. Royal Gold comprises about 2.4% of U S Global Investors Inc.’s investment portfolio, making the stock its 11th biggest position. U S Global Investors Inc.’s holdings in Royal Gold were worth $20,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RGLD. SG Americas Securities LLC boosted its holdings in Royal Gold by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 17,671 shares of the basic materials company’s stock worth $3,928,000 after buying an additional 6,109 shares in the last quarter. Louisbourg Investments Inc. purchased a new stake in shares of Royal Gold during the 4th quarter worth about $3,938,000. Plancorp LLC boosted its stake in shares of Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after acquiring an additional 5,646 shares in the last quarter. World Investment Advisors acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $1,024,000. Finally, Bar Harbor Wealth Management acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $7,916,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of RGLD stock traded down $1.95 on Friday, reaching $196.83. 472,360 shares of the company were exchanged, compared to its average volume of 734,377. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.34 and a beta of 0.44. The business has a 50-day moving average price of $216.21 and a 200 day moving average price of $245.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, July 2nd. Royal Gold’s payout ratio is presently 22.65%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. 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. Royal Bank Of Canada dropped their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. UBS Group reduced their target price on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $282.55.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

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.