EP Wealth Advisors LLC Takes $470,000 Position in Royal Gold, Inc. $RGLD

EP Wealth Advisors LLC purchased a new stake 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 fund purchased 2,356 shares of the basic materials company’s stock, valued at approximately $470,000.

A number of other large investors have also recently bought and sold shares of RGLD. Bank of Nova Scotia raised its stake in Royal Gold by 2.9% during the first quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 43 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock valued at $739,000 after purchasing an additional 44 shares in the last quarter. Hilltop Holdings Inc. grew its holdings in shares of Royal Gold by 0.6% in the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after purchasing an additional 46 shares during the last quarter. Compound Planning Inc. increased its position in shares of Royal Gold by 3.3% during the 1st quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 47 shares in the last quarter. Finally, Strs Ohio lifted its holdings in Royal Gold by 0.6% during the 1st quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after purchasing an additional 48 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Jefferies Financial Group dropped their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada reduced their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $285.10.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Trading Up 1.5%

RGLD opened at $267.76 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.00 and a beta of 0.44. The firm has a 50 day simple moving average of $212.06 and a 200 day simple moving average of $236.44. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its 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. The company had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Announces Dividend

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

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.