Algert Global LLC Has $10.79 Million Position in Royal Gold, Inc. $RGLD

Algert Global LLC increased its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 62.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,060 shares of the basic materials company's stock after purchasing an additional 20,740 shares during the period. Algert Global LLC owned approximately 0.06% of Royal Gold worth $10,791,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RGLD. Winmill & CO. Inc. acquired a new position in shares of Royal Gold during the 2nd quarter worth $1,677,000. Cibc World Market Inc. bought a new position in Royal Gold in the second quarter valued at about $5,734,000. Sanctuary Advisors LLC acquired a new position in Royal Gold during the second quarter worth about $305,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Gold during the second quarter worth about $952,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Royal Gold in the second quarter worth about $1,884,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction 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 transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research analyst reports. Zacks Research cut shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Scotiabank reaffirmed a "sector perform" rating and set a $310.00 target price on shares of Royal Gold in a research note on Tuesday, July 14th. UBS Group boosted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Weiss Ratings cut Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada dropped their price target on Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $285.10.

Royal Gold Stock Up 1.5%

Royal Gold stock opened at $267.76 on Wednesday. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.00 and a beta of 0.44. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The firm has a 50 day moving average price of $212.06 and a two-hundred day moving average price of $236.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The business's quarterly revenue was up 114.9% on a year-over-year basis. During the same period last year, the company posted $1.81 EPS. Equities analysts predict that Royal Gold, Inc. will post 10.26 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold's dividend payout ratio (DPR) is currently 20.74%.

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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