UBS Group AG Has $68.69 Million Stake in Royal Gold, Inc. $RGLD

Key Points

• UBS trimmed its stake in Royal Gold by 43.7% in Q4 and now holds 309,023 shares worth $68.69 million (about 0.37% of the company).
• Royal Gold missed quarterly expectations, reporting EPS of $1.92 versus the $2.68 consensus and revenue of $310.8M versus $425.5M expected, though revenue was up 85.2% year-over-year.
• The company paid a quarterly dividend of $0.475 (annualized $1.90, yield 0.8%), insiders sold roughly $2.13M of stock in the past three months, and analysts have a consensus "Moderate Buy" with an average target of $273.64.

UBS Group AG decreased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,023 shares of the basic materials company's stock after selling 239,431 shares during the quarter. UBS Group AG owned about 0.37% of Royal Gold worth $68,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RGLD. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Royal Gold in the third quarter valued at approximately $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $30,000. Bank & Trust Co grew its position in shares of Royal Gold by 600.0% in the fourth 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 during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Royal Gold by 8,400.0% in the third quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Down 0.9%

NASDAQ RGLD opened at $228.42 on Tuesday. The business has a fifty day moving average price of $260.65 and a two-hundred day moving average price of $237.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.91. Royal Gold, Inc. has a fifty-two week low of $150.75 and a fifty-two week high of $306.25. The stock has a market capitalization of $19.38 billion, a PE ratio of 33.54, a PEG ratio of 1.24 and a beta of 0.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results 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 business had revenue of $310.83 million for the quarter, compared to the consensus estimate of $425.47 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. The firm's revenue for the quarter was up 85.2% on a year-over-year basis. Equities analysts expect that Royal Gold, Inc. will post 12.5 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 4,173 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $277.07, for a total transaction of $1,156,213.11. Following the completion of the sale, the director directly owned 6,129 shares in the company, 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 at the SEC website. Also, SVP Daniel Breeze sold 1,400 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the sale, the senior vice president owned 20,140 shares of the company's stock, valued at $6,059,521.80. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,573 shares of company stock worth $2,127,091 over the last three months. Insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of several research reports. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating and issued a $330.00 target price on shares of Royal Gold in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Gold in a research report on Tuesday, April 21st. Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Finally, National Bank Financial reduced their price target 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. Eight 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $273.64.

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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