8,485 Shares in Royal Gold, Inc. $RGLD Purchased by Leonteq Securities AG

Key Points

• Leonteq Securities AG disclosed a new fourth-quarter position in Royal Gold, buying 8,485 shares valued at about $1.886 million.
• Royal Gold reported mixed quarterly results, with EPS of $1.92 and revenue of $310.83 million, both below analyst expectations despite revenue rising 85.2% year over year.
• The company declared a quarterly dividend of $0.475 per share and has a consensus analyst rating of Moderate Buy with a target price of $273.64.

Leonteq Securities AG acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,485 shares of the basic materials company's stock, valued at approximately $1,886,000.

Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Royal Gold in the fourth quarter worth about $27,000. Trust Co. of Toledo NA OH purchased a new stake in Royal Gold in the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new stake in Royal Gold in the fourth quarter worth about $30,000. Bank & Trust Co lifted 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 worth $31,000 after acquiring an additional 120 shares during the period. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Royal Gold in the third quarter worth about $29,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,000 shares of the company's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $243.74, for a total transaction of $243,740.00. Following the transaction, the senior vice president owned 9,082 shares in the company, valued at $2,213,646.68. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $300.87, for a total transaction of $421,218.00. Following the transaction, the senior vice president owned 20,140 shares in the company, valued at approximately $6,059,521.80. This trade represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,400 shares of company stock valued at $1,214,618. 0.35% of the stock is currently owned by insiders.

Royal Gold Stock Performance

RGLD stock opened at $222.33 on Friday. The firm has a market cap of $18.87 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.81 and a beta of 0.43. The firm has a 50-day simple moving average of $246.70 and a two-hundred day simple moving average of $242.13. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. 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 (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results 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 firm had revenue of $310.83 million for the quarter, compared to analysts' expectations of $425.47 million. Royal Gold had a net margin of 48.59% and a return on equity of 12.63%. The business's quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities analysts forecast that Royal Gold, Inc. will post 11.55 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend 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 presently 22.65%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RGLD shares. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. National Bank Financial lowered their price objective on shares of Royal Gold from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. UBS Group set a $325.00 price objective on shares of Royal Gold and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Scotiabank lowered shares of Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price target for the company. in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a research report on Tuesday, April 21st. Eight research 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 data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.64.

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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