6,568 Shares in Royal Gold, Inc. $RGLD Bought by Sigma Planning Corp

Key Points

• Sigma Planning Corp bought a new stake of 6,568 shares in Royal Gold (NASDAQ:RGLD) during Q4, valued at about $1.46 million.
• Royal Gold missed Q results, reporting $1.92 EPS and $310.8M revenue versus estimates of $2.68 EPS and $425.5M, although revenue was up 85.2% year-over-year.
• Insiders sold 7,573 shares (~$2.13M) in the last quarter while institutional ownership is 83.65%, and analysts maintain a consensus Moderate Buy with a $273.64 target.

Sigma Planning Corp acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,568 shares of the basic materials company's stock, valued at approximately $1,460,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in shares of Royal Gold during the 4th quarter worth approximately $30,000. Bank & Trust Co boosted its stake in Royal Gold by 600.0% in the fourth 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 in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. grew its holdings in Royal Gold by 8,400.0% in the third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company's stock worth $34,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $230.59 on Monday. Royal Gold, Inc. has a twelve month low of $150.75 and a twelve month high of $306.25. The company has a current ratio of 3.12, a quick ratio of 2.91 and a debt-to-equity ratio of 0.12. The company has a market cap of $19.56 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.43. The company's 50 day moving average is $260.65 and its 200 day moving average is $237.83.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.76). The business had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The business's revenue was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, sell-side analysts forecast that Royal Gold, Inc. will post 12.5 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.475 per share. The ex-dividend date was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold's dividend payout ratio (DPR) is presently 27.90%.

Insider Activity

In related news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director directly owned 20,043 shares in the company, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $300.87, for a total value of $421,218.00. Following the completion of the transaction, the senior vice president directly owned 20,140 shares of the company's stock, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,573 shares of company stock valued at $2,127,091 in the last quarter. 0.35% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RGLD shares. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, April 17th. Scotiabank downgraded 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 note on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a research report on Tuesday, April 21st. Canadian Imperial Bank of Commerce reiterated a "neutral" rating and issued a $330.00 price target on shares of Royal Gold in a research note on Wednesday, February 4th. Finally, Zacks Research lowered Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $273.64.

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.

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