Zurcher Kantonalbank Zurich Cantonalbank Buys 7,150 Shares of Royal Gold, Inc. $RGLD

Key Points

• Zurcher Kantonalbank increased its stake in Royal Gold by 36.4%, buying 7,150 shares to own 26,794 shares valued at about $5.96 million at quarter-end.
• Royal Gold missed quarterly expectations, reporting EPS of $1.92 versus $2.68 expected and revenue of $310.8M versus $425.5M expected, although revenue rose 85.2% year-over-year.
• The company pays a quarterly dividend of $0.475 (annualized $1.90, ~0.8% yield) and holds an average analyst rating of "Moderate Buy" with a mean price target of $273.64.

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 36.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,794 shares of the basic materials company's stock after buying an additional 7,150 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Royal Gold were worth $5,956,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in Royal Gold during the third quarter worth $29,000. Trust Co. of Toledo NA OH bought a new stake in Royal Gold during the fourth quarter worth $30,000. V Square Quantitative Management LLC bought a new stake in Royal Gold during the fourth quarter worth $30,000. Bank & Trust Co grew its holdings in Royal Gold by 600.0% during the fourth quarter. Bank & Trust Co now owns 140 shares of the basic materials company's stock worth $31,000 after buying an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Royal Gold by 8,400.0% in the 3rd 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 period. Institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RGLD shares. Canadian Imperial Bank of Commerce restated a "neutral" rating and issued a $330.00 price objective on shares of Royal Gold in a research note on Wednesday, February 4th. UBS Group set a $325.00 price objective on Royal Gold and gave the company a "buy" rating in a research note on Wednesday, April 15th. Scotiabank downgraded Royal Gold from a "sector outperform" rating to a "sector perform" rating and set a $335.00 price objective for the company. in a research note on Monday, January 26th. National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Friday, April 17th. Finally, Zacks Research downgraded Royal Gold from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Royal Gold currently has an average rating of "Moderate Buy" and an average price target of $273.64.

Royal Gold Stock Up 0.4%

Shares of NASDAQ RGLD opened at $252.36 on Friday. Royal Gold, Inc. has a one year low of $150.75 and a one year high of $306.25. 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 business's fifty day moving average price is $264.00 and its 200-day moving average price is $236.21. The stock has a market capitalization of $21.41 billion, a PE ratio of 37.06, a P/E/G ratio of 1.51 and a beta of 0.55.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.92 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 firm had revenue of $310.83 million for the quarter, compared to analysts' expectations of $425.47 million. During the same period in the prior year, the company earned $1.63 EPS. The firm's quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts anticipate that Royal Gold, Inc. will post 12.19 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, April 2nd. Royal Gold's dividend payout ratio is currently 27.90%.

Insider Activity

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 transaction of $549,660.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William M. Hayes sold 4,173 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $277.07, for a total value of $1,156,213.11. Following the sale, the director directly owned 6,129 shares in the company, valued at $1,698,162.03. This trade represents a 40.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,573 shares of company stock valued at $2,127,091 in the last 90 days. Insiders own 0.35% of the company's stock.

Royal Gold 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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