St. James Investment Company LLC Sells 90,907 Shares of Royal Gold, Inc (RGLD)

St. James Investment Company LLC lowered its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 798,458 shares of the basic materials company’s stock after selling 90,907 shares during the period. Royal Gold accounts for approximately 7.6% of St. James Investment Company LLC’s portfolio, making the stock its 3rd largest position. St. James Investment Company LLC’s holdings in Royal Gold were worth $65,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mountain Capital Investment Advisors Inc bought a new stake in Royal Gold during the 2nd quarter valued at $109,000. Exane Derivatives grew its stake in shares of Royal Gold by 4,900.0% in the 4th quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 1,470 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Royal Gold in the 3rd quarter worth $174,000. U S Global Investors Inc. grew its stake in shares of Royal Gold by 333.1% in the 2nd quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after acquiring an additional 2,332 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Royal Gold in the 3rd quarter worth $267,000. Hedge funds and other institutional investors own 71.96% of the company’s stock.

Royal Gold, Inc (RGLD) opened at $81.97 on Wednesday. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5,553.14, a PE ratio of 57.71, a P/E/G ratio of 4.92 and a beta of 0.61. Royal Gold, Inc has a fifty-two week low of $61.00 and a fifty-two week high of $94.39.

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were issued a $0.25 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, January 4th. Royal Gold’s payout ratio is 64.94%.

RGLD has been the subject of several recent analyst reports. Royal Bank of Canada set a $89.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 target price for the company in a research note on Wednesday, December 6th. TD Securities reduced their target price on shares of Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, December 29th. Canaccord Genuity lowered shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from $109.00 to $99.00 in a research note on Thursday, December 28th. Finally, Eight Capital reiterated a “neutral” rating on shares of Royal Gold in a research note on Thursday, November 16th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.63.

In related news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,500 shares of company stock worth $387,750 over the last three months. 1.12% of the stock is owned by insiders.

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Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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