Aperio Group LLC grew its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,549 shares of the basic materials company’s stock after purchasing an additional 5,765 shares during the period. Aperio Group LLC owned about 0.11% of Royal Gold worth $6,242,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Royal Gold by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after purchasing an additional 73,112 shares during the last quarter. Capital World Investors lifted its stake in Royal Gold by 25.7% in the 2nd quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after purchasing an additional 849,900 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Royal Gold by 2.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after purchasing an additional 73,384 shares during the last quarter. Northern Trust Corp lifted its stake in Royal Gold by 0.6% in the 2nd quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock valued at $60,715,000 after purchasing an additional 4,266 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Royal Gold by 4.3% during the second quarter. Gabelli Funds LLC now owns 686,700 shares of the basic materials company’s stock valued at $53,679,000 after acquiring an additional 28,000 shares during the last quarter. Institutional investors and hedge funds own 70.25% of the company’s stock.
RGLD has been the subject of several analyst reports. Royal Bank Of Canada set a $89.00 price target on shares of Royal Gold and gave the company a “buy” rating in a research note on Monday, October 23rd. Canaccord Genuity reiterated a “buy” rating and set a $113.00 price objective on shares of Royal Gold in a research report on Sunday, October 1st. Zacks Investment Research cut shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, National Bank Financial raised their price target on shares of Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Royal Gold presently has a consensus rating of “Buy” and a consensus target price of $95.61.
Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at $85.96 on Wednesday. The firm has a market cap of $5,654.60, a P/E ratio of 58.77, a PEG ratio of 4.91 and a beta of 0.49. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. Royal Gold, Inc. has a 1-year low of $60.21 and a 1-year high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The company had revenue of $112.50 million during the quarter, compared to analyst estimates of $112.43 million. During the same period in the prior year, the business posted $0.46 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. research analysts predict that Royal Gold, Inc. will post 1.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.24 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.96 annualized dividend and a yield of 1.12%. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.
In related news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $90.00, for a total transaction of $2,250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 67,343 shares of company stock valued at $5,942,784 over the last 90 days. Company insiders own 1.12% of the company’s stock.
Royal Gold Company 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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