Royal Gold, Inc. $RGLD Shares Sold by Danske Bank A S

Key Points

• Danske Bank cut its stake in Royal Gold by 59.1% in Q4 to 11,778 shares (about $2.62M), and insiders have sold 7,573 shares worth roughly $2.13M over the past 90 days, signaling notable institutional and insider selling.
• Royal Gold missed quarterly estimates, reporting EPS of $1.92 versus $2.68 expected and revenue of $310.8M versus $425.5M expected, though revenue was up 85.2% year‑over‑year.
• Analysts remain generally positive with a consensus rating of "Moderate Buy" and a consensus target price of $273.64, despite a range of buy, hold and sell opinions.

Danske Bank A S cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 59.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,778 shares of the basic materials company's stock after selling 17,028 shares during the period. Danske Bank A S's holdings in Royal Gold were worth $2,618,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RGLD. Vermillion & White Wealth Management Group LLC acquired a new position in Royal Gold in the third quarter valued at $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of Royal Gold in the 4th quarter worth about $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at about $30,000. Bank & Trust Co lifted its stake in shares of Royal Gold by 600.0% in the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in Royal Gold by 8,400.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company's stock worth $34,000 after purchasing an additional 168 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Royal Gold

In related news, Director Mark Isto sold 2,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $274.83, for a total value of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares of the company's stock, valued at approximately $5,508,417.69. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William M. Hayes sold 4,173 shares of the stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,573 shares of company stock valued at $2,127,091. Insiders own 0.35% of the company's stock.

Royal Gold Price Performance

RGLD stock opened at $225.90 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.91 and a current ratio of 3.12. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25. The firm has a market cap of $19.17 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.43. The stock has a 50-day simple moving average of $259.46 and a 200-day simple moving average of $238.00.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($0.76). Royal Gold had a net margin of 45.26% and a return on equity of 11.89%. The company had revenue of $310.83 million during the quarter, compared to analyst estimates of $425.47 million. During the same quarter last year, the business posted $1.63 EPS. Royal Gold's quarterly revenue was up 85.2% compared to the same quarter last year. On average, equities analysts predict that Royal Gold, Inc. will post 12.5 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a $0.475 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold's dividend payout ratio is currently 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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