Pallas Capital Advisors LLC Grows Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Pallas Capital Advisors LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 145.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,684 shares of the basic materials company's stock after buying an additional 8,698 shares during the quarter. Pallas Capital Advisors LLC's holdings in Royal Gold were worth $2,401,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RGLD. Farther Finance Advisors LLC grew its holdings in shares of Royal Gold by 29.5% in the first quarter. Farther Finance Advisors LLC now owns 812 shares of the basic materials company's stock valued at $133,000 after acquiring an additional 185 shares in the last quarter. BCS Wealth Management grew its holdings in shares of Royal Gold by 0.3% in the first quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company's stock valued at $3,385,000 after acquiring an additional 63 shares in the last quarter. City Center Advisors LLC bought a new position in shares of Royal Gold in the first quarter valued at approximately $324,000. UMB Bank n.a. grew its holdings in shares of Royal Gold by 23.5% in the first quarter. UMB Bank n.a. now owns 1,572 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 299 shares in the last quarter. Finally, A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Royal Gold by 10.1% in the first quarter. A. D. Beadell Investment Counsel Inc. now owns 7,170 shares of the basic materials company's stock valued at $1,172,000 after acquiring an additional 660 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of Royal Gold stock traded up $3.26 during trading hours on Friday, reaching $182.29. The company had a trading volume of 1,697,487 shares, compared to its average volume of 431,704. Royal Gold, Inc. has a one year low of $120.00 and a one year high of $191.78. The business has a fifty day simple moving average of $178.15 and a 200 day simple moving average of $157.03. The firm has a market cap of $12.00 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 3.42 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter last year, the business posted $0.91 earnings per share. The firm's revenue was up 29.9% compared to the same quarter last year. On average, research analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a $0.45 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.99%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RGLD shares. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. CIBC increased their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.33.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.