Quantbot Technologies LP Takes Position in Royal Gold, Inc. $RGLD

Key Points

• Quantbot Technologies LP bought a new stake of 8,089 shares in Royal Gold (RGLD) in Q3, valued at about $1.62 million.
• Royal Gold missed the latest quarter's expectations—EPS $1.92 vs. $2.68 expected and revenue $360.85M vs. $425.47M—though revenue was up 85.2% year‑over‑year.
• Insiders recently sold shares (SVP Daniel Breeze 1,400; director William Hayes 4,173), leaving insiders with ~0.49% ownership while institutions hold ~83.65%, and the company declared a $0.475 quarterly dividend (annualized $1.90, yield ~0.7%).

Quantbot Technologies LP bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,089 shares of the basic materials company's stock, valued at approximately $1,622,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in Royal Gold by 99.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company's stock valued at $27,608,000 after acquiring an additional 84,206 shares in the last quarter. Focus Partners Wealth increased its position in shares of Royal Gold by 51.5% during the first quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company's stock valued at $1,384,000 after purchasing an additional 2,876 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Royal Gold by 51.2% in the second quarter. Envestnet Asset Management Inc. now owns 22,791 shares of the basic materials company's stock valued at $4,053,000 after purchasing an additional 7,716 shares in the last quarter. Atria Investments Inc lifted its position in Royal Gold by 29.2% in the second quarter. Atria Investments Inc now owns 1,792 shares of the basic materials company's stock worth $319,000 after purchasing an additional 405 shares during the period. Finally, Strs Ohio lifted its position in Royal Gold by 18.5% in the second quarter. Strs Ohio now owns 11,743 shares of the basic materials company's stock worth $2,088,000 after purchasing an additional 1,836 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

RGLD has been the subject of a number of recent research reports. Zacks Research cut shares of Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. 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. Weiss Ratings restated a "buy (b)" rating on shares of Royal Gold in a research note on Thursday, January 22nd. TD Cowen lifted their price objective on Royal Gold from $261.00 to $263.00 and gave the company a "buy" rating in a report on Tuesday, November 18th. Finally, Raymond James Financial set a $264.00 target price on Royal Gold in a report on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Royal Gold currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.50.

Royal Gold Trading Up 0.1%

Shares of RGLD stock opened at $281.20 on Thursday. The company has a market capitalization of $23.85 billion, a P/E ratio of 41.29, a P/E/G ratio of 1.69 and a beta of 0.48. Royal Gold, Inc. has a 12-month low of $147.20 and a 12-month high of $306.25. The company has a quick ratio of 2.91, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $266.98 and a 200 day moving average price of $218.49.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.76). Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm had revenue of $360.85 million for the quarter, compared to analyst estimates of $425.47 million. During the same period in the previous year, the business posted $1.63 EPS. The business's quarterly revenue was up 85.2% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.7%. Royal Gold's payout ratio is presently 27.90%.

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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