Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 414.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381 shares of the basic materials company’s stock after buying an additional 307 shares during the period. Lindbrook Capital LLC’s holdings in Royal Gold were worth $46,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Royal Gold in the 4th quarter valued at $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Royal Gold in the fourth quarter valued at about $31,000. BKM Wealth Management LLC acquired a new position in shares of Royal Gold during the fourth quarter worth about $36,000. Quent Capital LLC boosted its position in shares of Royal Gold by 35.0% in the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after buying an additional 144 shares during the period. Finally, Covestor Ltd grew its stake in shares of Royal Gold by 26.5% in the third quarter. Covestor Ltd now owns 769 shares of the basic materials company’s stock valued at $82,000 after buying an additional 161 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Up 2.7 %

Shares of Royal Gold stock opened at $124.19 on Friday. The business has a 50-day moving average price of $114.42 and a 200 day moving average price of $114.70. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $147.82. The firm has a market cap of $8.16 billion, a P/E ratio of 34.12, a P/E/G ratio of 7.21 and a beta of 0.87. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.75 by $0.20. The company had revenue of $152.70 million during the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, sell-side analysts forecast that Royal Gold, Inc. will post 4.18 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 annualized dividend and a yield of 1.29%. Royal Gold’s payout ratio is 43.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Jefferies Financial Group initiated coverage on shares of Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $143.25.

Insiders Place Their Bets

In other news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $104.18, for a total value of $52,090.00. Following the completion of the transaction, the vice president now directly owns 9,473 shares of the company’s stock, valued at approximately $986,897.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.