TD Asset Management Inc Buys 27,051 Shares of Royal Gold, Inc. $RGLD
by Kim Johansen · The Markets DailyTD Asset Management Inc increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 161.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,836 shares of the basic materials company’s stock after purchasing an additional 27,051 shares during the quarter. TD Asset Management Inc’s holdings in Royal Gold were worth $9,744,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Cibc World Market Inc. boosted its position in shares of Royal Gold by 322.2% during the 4th quarter. Cibc World Market Inc. now owns 95,463 shares of the basic materials company’s stock worth $21,220,000 after acquiring an additional 72,852 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Royal Gold by 27.4% during the fourth quarter. CIBC Asset Management Inc now owns 19,396 shares of the basic materials company’s stock worth $4,312,000 after purchasing an additional 4,168 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Royal Gold by 33.6% in the 4th quarter. Bank of New York Mellon Corp now owns 834,789 shares of the basic materials company’s stock valued at $185,565,000 after buying an additional 209,851 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Royal Gold by 84.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 228,933 shares of the basic materials company’s stock worth $50,890,000 after buying an additional 104,611 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Royal Gold by 26.9% during the 4th quarter. Natixis Advisors LLC now owns 17,595 shares of the basic materials company’s stock worth $3,911,000 after acquiring an additional 3,732 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.
Royal Gold Stock Down 0.4%
Shares of NASDAQ RGLD opened at $204.79 on Wednesday. The firm has a market cap of $17.38 billion, a PE ratio of 24.41, a P/E/G ratio of 1.53 and a beta of 0.41. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company’s fifty day simple moving average is $240.26 and its 200 day simple moving average is $245.38. The company has a quick ratio of 3.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.08.
Royal Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold’s dividend payout ratio is 22.65%.
Insider Transactions at Royal Gold
In other news, SVP Randy Shefman sold 1,000 shares of the firm’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 directly owned 9,082 shares in the company, valued at $2,213,646.68. This trade represents a 9.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Isto sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the sale, the director directly owned 20,043 shares of the company’s stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have recently commented on RGLD shares. National Bank Financial cut their price target on shares of Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Gold in a research report on Tuesday, April 21st. Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, UBS Group set a $325.00 price target on 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, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Royal Gold currently has an average rating of “Moderate Buy” and a consensus price target of $273.64.
Get Our Latest Stock Report on RGLD
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.
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