Royal Gold, Inc. $RGLD is America First Investment Advisors LLC's 3rd Largest Position

Key Points

• America First Investment Advisors trimmed its Royal Gold stake by 5.2% in the fourth quarter, but the position remains significant at 145,422 shares worth about $32.3 million and accounts for 5.9% of its portfolio.
• Wall Street sentiment on Royal Gold is mixed but generally positive, with an average “Moderate Buy” rating and a consensus price target of $273.64. Recent calls ranged from UBS’s $325 buy target to Zacks Research’s downgrade to strong sell.
• Royal Gold shares were trading at $220.29, below both their 50-day and 200-day moving averages, while the company also announced a quarterly dividend of $0.475 per share payable July 16, yielding about 0.9% annually.

America First Investment Advisors LLC lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 5.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,422 shares of the basic materials company's stock after selling 7,926 shares during the quarter. Royal Gold comprises 5.9% of America First Investment Advisors LLC's portfolio, making the stock its 3rd largest holding. America First Investment Advisors LLC owned approximately 0.17% of Royal Gold worth $32,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Greenleaf Trust grew its holdings in shares of Royal Gold by 2.9% during the fourth quarter. Greenleaf Trust now owns 1,538 shares of the basic materials company's stock worth $342,000 after purchasing an additional 43 shares in the last quarter. WPG Advisers LLC lifted its position in Royal Gold by 34.1% in the fourth quarter. WPG Advisers LLC now owns 181 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 46 shares during the last quarter. Parcion Private Wealth LLC raised its holdings in shares of Royal Gold by 2.9% during the fourth quarter. Parcion Private Wealth LLC now owns 1,701 shares of the basic materials company's stock valued at $378,000 after acquiring an additional 48 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in shares of Royal Gold by 2.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,689 shares of the basic materials company's stock valued at $598,000 after acquiring an additional 54 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Royal Gold by 4.4% during the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company's stock valued at $264,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RGLD. UBS Group set a $325.00 price target on Royal Gold and gave the stock a "buy" rating in a research note on Wednesday, April 15th. Zacks Research cut Royal Gold from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 5th. National Bank Financial dropped their price objective on Royal Gold from $350.00 to $340.00 and set an "outperform" rating on the stock in a research report on Friday, April 17th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and set a $330.00 price objective on shares of Royal Gold in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Royal Gold in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $273.64.

Royal Gold Price Performance

Shares of RGLD opened at $220.29 on Tuesday. The business's 50 day moving average is $244.60 and its 200 day moving average is $242.81. The company has a market capitalization of $18.70 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.43. Royal Gold, Inc. has a 12-month low of $150.75 and a 12-month high of $306.25. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Royal Gold's dividend payout ratio (DPR) is 22.65%.

Insiders Place Their Bets

In other Royal Gold news, Director Mark Isto sold 2,000 shares of Royal Gold stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the sale, the director owned 20,043 shares of the company's stock, valued at $5,508,417.69. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Randy Shefman sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president directly owned 9,082 shares in the company, valued at approximately $2,213,646.68. The trade was a 9.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,400 shares of company stock valued at $1,214,618 in the last quarter. 0.35% of the stock is currently owned by insiders.

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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