Creative Financial Designs Inc. ADV Has $55,000 Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Posted by Defense World Staff on Jul 14th, 2023

Creative Financial Designs Inc. ADV boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 111.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426 shares of the basic materials company’s stock after buying an additional 225 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Royal Gold were worth $55,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RGLD. Norges Bank purchased a new stake in shares of Royal Gold in the fourth quarter valued at about $239,552,000. State Street Corp grew its position in Royal Gold by 66.2% during the first quarter. State Street Corp now owns 4,153,139 shares of the basic materials company’s stock valued at $588,192,000 after buying an additional 1,654,360 shares during the period. Findlay Park Partners LLP bought a new position in Royal Gold during the fourth quarter valued at about $134,246,000. Clearbridge Investments LLC bought a new position in Royal Gold during the first quarter valued at about $56,762,000. Finally, Premier Fund Managers Ltd grew its position in Royal Gold by 3,325.3% during the fourth quarter. Premier Fund Managers Ltd now owns 298,000 shares of the basic materials company’s stock valued at $44,080,000 after buying an additional 289,300 shares during the period. Hedge funds and other institutional investors own 82.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RGLD shares. Bank of America lowered shares of Royal Gold from a “neutral” rating to an “underperform” rating and set a $130.00 price target for the company. in a research report on Monday, June 5th. National Bankshares reduced their price target on shares of Royal Gold from $165.00 to $160.00 and set a “sector perform” rating for the company in a research report on Friday, May 5th. BMO Capital Markets increased their price target on shares of Royal Gold from $138.00 to $139.00 in a research report on Wednesday. Raymond James increased their target price on shares of Royal Gold from $156.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 14th. Finally, TheStreet lowered shares of Royal Gold from a “b+” rating to a “c” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.11.

Insider Transactions at Royal Gold

In other news, VP Daniel Breeze sold 2,095 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $141.92, for a total value of $297,322.40. Following the sale, the vice president now directly owns 11,786 shares of the company’s stock, valued at $1,672,669.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Daniel Breeze sold 2,095 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $141.92, for a total value of $297,322.40. Following the sale, the vice president now directly owns 11,786 shares of the company’s stock, valued at $1,672,669.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William M. Hayes sold 2,140 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $142.50, for a total transaction of $304,950.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at $1,401,060. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,895 shares of company stock valued at $1,972,930. 0.40% of the stock is currently owned by corporate insiders.

Royal Gold Trading Up 0.1 %

Shares of Royal Gold stock opened at $122.32 on Friday. Royal Gold, Inc. has a 12-month low of $84.54 and a 12-month high of $147.82. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 3.20 and a beta of 0.62. The company has a current ratio of 3.44, a quick ratio of 3.23 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $122.76 and its 200-day moving average price is $124.85.

Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last announced its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. Royal Gold had a net margin of 38.80% and a return on equity of 8.18%. The firm had revenue of $170.40 million for the quarter, compared to the consensus estimate of $162.77 million. During the same period in the prior year, the firm posted $0.99 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that Royal Gold, Inc. will post 3.82 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, July 6th. Royal Gold’s payout ratio is 41.55%.

Royal Gold Profile

(Free Report)

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.