Global Assets Advisory LLC Invests $20.68 Million in Royal Gold, Inc. (NASDAQ:RGLD)

Global Assets Advisory LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 169,734 shares of the basic materials company’s stock, valued at approximately $20,675,000. Global Assets Advisory LLC owned approximately 0.26% of Royal Gold as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Royal Gold by 2.3% during the 3rd quarter. UBS Group AG now owns 63,193 shares of the basic materials company’s stock worth $6,719,000 after acquiring an additional 1,427 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Royal Gold in the third quarter valued at $108,000. Kestra Advisory Services LLC lifted its holdings in Royal Gold by 236.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 13,326 shares of the basic materials company’s stock worth $1,417,000 after buying an additional 9,367 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Royal Gold by 157.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,382 shares of the basic materials company’s stock worth $5,463,000 after acquiring an additional 31,399 shares in the last quarter. Finally, Rathbones Group PLC acquired a new position in shares of Royal Gold during the 3rd quarter worth about $223,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now directly owns 14,840 shares of the company’s stock, valued at $1,940,033.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $124.62 on Tuesday. The stock has a market capitalization of $8.19 billion, a P/E ratio of 36.76, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $134.56. The company’s fifty day moving average is $125.34 and its two-hundred day moving average is $119.09.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The firm had revenue of $148.90 million for the quarter, compared to analysts’ expectations of $147.02 million. During the same period in the prior year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, sell-side analysts predict that Royal Gold, Inc. will post 4.52 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, July 5th. Royal Gold’s dividend payout ratio (DPR) is currently 47.20%.

Analyst Ratings Changes

RGLD has been the subject of several recent analyst reports. Scotiabank boosted their target price on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. BMO Capital Markets raised their price objective on Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group started coverage on Royal Gold in a report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $143.86.

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.