Royal Gold, Inc. $RGLD Stock Position Decreased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its stake in Royal Gold by 32.5% in Q4, selling 45,009 shares and leaving it with 93,633 shares (~0.11% of the company) worth about $20.7 million.
• Royal Gold missed quarterly expectations, reporting EPS of $1.92 versus a $2.68 consensus and revenue of $310.8M versus $425.5M, though revenue was up roughly 85% year‑over‑year.
• Insiders have sold a total of 7,573 shares (~$2.13M) in the past 90 days (including director sales), while institutional ownership remains high at ~83.65% and analysts’ consensus is a “Moderate Buy” with an average target of ~$260.56.

Allspring Global Investments Holdings LLC decreased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,633 shares of the basic materials company's stock after selling 45,009 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of Royal Gold worth $20,704,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RGLD. Sowell Financial Services LLC grew its stake in Royal Gold by 4.0% during the third quarter. Sowell Financial Services LLC now owns 1,368 shares of the basic materials company's stock valued at $274,000 after acquiring an additional 52 shares in the last quarter. Encompass More Asset Management raised its position in shares of Royal Gold by 4.2% in the third quarter. Encompass More Asset Management now owns 1,283 shares of the basic materials company's stock worth $257,000 after buying an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Royal Gold by 33.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 221 shares of the basic materials company's stock valued at $44,000 after buying an additional 56 shares during the period. Compound Planning Inc. grew its position in Royal Gold by 4.4% during the third quarter. Compound Planning Inc. now owns 1,315 shares of the basic materials company's stock worth $264,000 after buying an additional 56 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Royal Gold by 2.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,635 shares of the basic materials company's stock worth $529,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Insiders Place Their Bets

In related news, Director William M. Hayes sold 4,173 shares of the business's stock in a transaction dated 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 transaction, the director owned 6,129 shares in the company, valued at $1,698,162.03. The trade was a 40.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $549,660.00. Following the completion of the transaction, the director directly owned 20,043 shares of the company's stock, valued at approximately $5,508,417.69. The trade was a 9.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,573 shares of company stock worth $2,127,091. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RGLD shares. Scotiabank cut shares of Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price objective on the stock. in a research report on Monday, January 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a research note on Thursday, January 22nd. Zacks Research cut Royal Gold from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce restated a "neutral" rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $270.00 target price on shares of Royal Gold in a research note on Sunday, December 7th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $260.56.

Royal Gold Price Performance

RGLD opened at $262.63 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. The stock's 50 day simple moving average is $268.53 and its 200 day simple moving average is $229.21. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 1.57 and a beta of 0.55. Royal Gold, Inc. has a 1 year low of $150.75 and a 1 year high of $306.25.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $310.83 million during the quarter, compared to the consensus estimate of $425.47 million. Royal Gold had a return on equity of 11.89% and a net margin of 45.26%.The firm's revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be issued 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 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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