PKO Investment Management Joint Stock Co Purchases 8,087 Shares of Royal Gold, Inc. $RGLD

Key Points

• PKO Investment Management raised its stake in Royal Gold by 38.2% in Q4, adding 8,087 shares to hold 29,237 shares valued at about $6.50 million per its SEC filing.
• Royal Gold missed Q4 estimates, reporting EPS of $1.92 vs. $2.68 expected and revenue of $310.8M vs. $425.5M; the stock trades near $230.59 with a market cap of $19.56B and a 52‑week range of $150.75–$306.25.
• Insiders have been net sellers (7,573 shares, ~$2.13M over three months) while institutional investors own 83.65% of the stock; analysts' consensus is a "Moderate Buy" with a $273.64 target.

PKO Investment Management Joint Stock Co raised its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,237 shares of the basic materials company's stock after acquiring an additional 8,087 shares during the period. PKO Investment Management Joint Stock Co's holdings in Royal Gold were worth $6,499,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Royal Gold during the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC bought a new position in Royal Gold in the fourth quarter worth $30,000. Bank & Trust Co boosted its stake in Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company's stock worth $31,000 after buying an additional 120 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Royal Gold during the third quarter worth $29,000. Finally, Sunbelt Securities Inc. increased its holdings in Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company's stock valued at $34,000 after buying an additional 168 shares during the period. Institutional investors own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RGLD shares. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research note on Tuesday, April 21st. Canadian Imperial Bank of Commerce reiterated a "neutral" rating and set a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Scotiabank cut shares of 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. Zacks Research lowered shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Finally, UBS Group set a $325.00 price objective on Royal Gold and gave the company a "buy" rating in a report on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $273.64.

Insider Transactions at Royal Gold

In other news, Director William M. Hayes sold 4,173 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the sale, the director directly owned 6,129 shares of the company's stock, valued at $1,698,162.03. This represents a 40.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm'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 transaction of $421,218.00. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,573 shares of company stock worth $2,127,091. Corporate insiders own 0.35% of the company's stock.

Royal Gold Trading Down 1.2%

Shares of RGLD opened at $230.59 on Friday. 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 market cap of $19.56 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.35 and a beta of 0.44. The stock has a fifty day moving average price of $260.65 and a two-hundred day moving average price of $237.57. Royal Gold, Inc. has a 52-week low of $150.75 and a 52-week high of $306.25.

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 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($0.76). The business had revenue of $310.83 million during 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 quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 earnings per share. Analysts predict that Royal Gold, Inc. will post 12.5 EPS for the current fiscal year.

Royal Gold Announces Dividend

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

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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