Quadrature Capital Ltd Sells 8,954 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Quadrature Capital Ltd lessened its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 55.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,097 shares of the basic materials company’s stock after selling 8,954 shares during the quarter. Quadrature Capital Ltd’s holdings in Royal Gold were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Royal Gold during the 4th quarter valued at about $27,000. Larson Financial Group LLC grew its position in Royal Gold by 526.3% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Gold during the fourth quarter worth approximately $31,000. BKM Wealth Management LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $36,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Royal Gold by 414.9% in the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares of the company’s stock, valued at $1,940,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Royal Gold Stock Performance

Shares of RGLD stock opened at $124.66 on Friday. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.02 and a beta of 0.91. The stock has a fifty day moving average of $125.17 and a 200 day moving average of $119.02. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $134.56. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 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 company had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, research analysts expect that Royal Gold, Inc. will post 4.52 earnings per share for the current year.

Royal Gold Dividend Announcement

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

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.