Y Intercept Hong Kong Ltd Acquires Stake in Royal Gold, Inc.

Y Intercept Hong Kong Ltd has recently made a strategic investment in Royal Gold, Inc. (NASDAQ:RGLD) during the fourth quarter, as reported in its recent filing with the SEC. The institutional investor acquired 3,099 shares of Royal Gold’s stock, which is valued at approximately $409,000.

In addition to Y Intercept, other institutional investors and hedge funds have also altered their stakes in Royal Gold. For example, Exchange Traded Concepts LLC established a new position in the stock valued at around $25,000 in the fourth quarter. Moreover, Point72 Hong Kong Ltd and Advisors Asset Management Inc have both acquired new positions valued at approximately $36,000 and $38,000, respectively, during the third quarter. Nomura Asset Management Co. Ltd. increased its stake by 61.1% in the same period, now holding a total of 290 shares with a value of $41,000 after buying an additional 110 shares. Larson Financial Group LLC also raised its stake by 51.7%, owning 361 shares now worth about $51,000 after increasing its holdings by 123 shares. At present, about 83.65% of Royal Gold’s shares are owned by various institutional investors.

Insider Transactions

There have been some insider activities within Royal Gold as well. Senior Vice President Daniel Breeze sold 549 shares of the stock on December 9th for an average price of $150.00, amounting to a total of $82,350. Following this transaction, Breeze holds 16,293 shares valued at approximately $2,443,950, which represents a decrease of 3.26% in ownership. This transaction has been disclosed in a filing with the SEC, offering transparency regarding insider dealings.

Analysts' Perspectives

Several analysts have recently evaluated Royal Gold, issuing updated ratings and price targets on the stock. TD Securities raised its price target from $181.00 to $185.00, recommending a “buy” rating. Similarly, Raymond James increased their target from $184.00 to $186.00 while maintaining an “outperform” rating. Furthermore, Jefferies Financial Group upgraded the stock from “hold” to “buy” and adjusted its price target from $154.00 to $178.00. Out of multiple analysts, one has rated Royal Gold as a sell, three have issued hold ratings, and five provided buy ratings. According to data from MarketBeat, the stock carries an average hold rating with a target price of $168.86.

Stock Performance Overview

On a recent trading day, shares of Royal Gold opened at $147.00. The company has a market capitalization of $9.67 billion and a price-to-earnings ratio of 29.17, with a price-to-earnings growth ratio of 3.42 and a beta of 0.90. Over the past year, Royal Gold has seen its stock reach a low of $107.33 and a high of $155.64. Its 50-day moving average stands at $140.55 while the 200-day moving average is $142.38.

Royal Gold reported its earnings on February 12th, showing earnings per share (EPS) of $1.63 for the quarter, beating the consensus estimate of $1.46 by $0.17. The company boasts a return on equity of 11.46% and a net margin of 46.15%. Analysts predict that Royal Gold will achieve earnings of 6.2 EPS for the current fiscal year.

Dividend Announcement

Recently, Royal Gold also announced a quarterly dividend set to be paid on April 17th. Investors who are on record by April 4th will receive a dividend of $0.45 per share. The ex-dividend date is also noted as April 4th. This results in an annualized dividend of $1.80, providing a dividend yield of 1.22%. The company's dividend payout ratio is 35.71%, reflecting its approach to returning value to shareholders.

About Royal Gold, Inc.

Royal Gold, Inc, alongside its subsidiaries, is engaged in the acquisition and management of precious metal streams, royalties, and related interests. The firm focuses on acquiring stream and royalty interests or financing projects at various stages including production, development, or exploration, primarily in exchange for interests in gold, silver, copper, nickel, zinc, lead, and other metals.

investment, stocks, dividend