Barclays PLC Purchases 102,558 Shares of Royal Gold, Inc. $RGLD

Key Points

• Barclays PLC boosted its stake in Royal Gold by 140.6% in Q3, buying 102,558 shares to hold 175,519 shares worth about $35.2 million (≈0.27% of the company).
• Royal Gold missed estimates—reporting $1.92 EPS vs. $2.68 expected and $360.85M revenue vs. $425.47M expected—while revenue was up 85.2% YoY; the company also declared a quarterly dividend of $0.475 (annualized $1.90, ~0.7% yield).
• Insider selling occurred recently: Director William M. Hayes sold 4,173 shares and SVP Daniel Breeze sold 1,400 shares, leaving corporate insiders owning about 0.49% of the stock.

Barclays PLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 140.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,519 shares of the basic materials company's stock after purchasing an additional 102,558 shares during the quarter. Barclays PLC owned about 0.27% of Royal Gold worth $35,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Caldwell Trust Co bought a new position in Royal Gold in the second quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company's stock valued at $44,000 after buying an additional 56 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Royal Gold in the 3rd quarter worth $50,000. Spire Wealth Management purchased a new stake in Royal Gold in the 3rd quarter worth approximately $64,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Royal Gold by 248.9% in the third quarter. Smartleaf Asset Management LLC now owns 321 shares of the basic materials company's stock worth $64,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Breeze sold 1,400 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company's stock, valued at approximately $6,059,521.80. This represents a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.49% of the stock is owned by corporate insiders.

Royal Gold Stock Down 0.1%

RGLD opened at $281.69 on Wednesday. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 41.36, a PEG ratio of 1.70 and a beta of 0.48. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. The company has a fifty day moving average of $271.05 and a two-hundred day moving average of $221.86.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($0.76). The firm had revenue of $360.85 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%. Royal Gold's revenue was up 85.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 EPS. On average, research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Royal Gold's payout ratio is currently 27.90%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RGLD shares. Jefferies Financial Group reiterated a "buy" rating and issued a $270.00 target price on shares of Royal Gold in a research report on Sunday, December 7th. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. TD Cowen upped their price objective on Royal Gold from $261.00 to $263.00 and gave the company a "buy" rating in a research report on Tuesday, November 18th. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research note on Thursday, January 22nd. Finally, Scotiabank lowered Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price target on the stock. in a research note on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and a consensus target price of $251.50.

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.

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