Ameriprise Financial Inc. lifted its holdings in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,769 shares of the basic materials company’s stock after buying an additional 2,512 shares during the period. Ameriprise Financial Inc. owned about 0.33% of Royal Gold worth $18,565,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of RGLD. Capital World Investors boosted its position in shares of Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock worth $325,031,000 after buying an additional 849,900 shares during the period. Capital Research Global Investors boosted its position in shares of Royal Gold by 131.8% in the second quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock worth $12,038,000 after buying an additional 87,567 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Royal Gold by 2.2% in the second quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock worth $271,989,000 after buying an additional 73,384 shares during the period. Vanguard Group Inc. boosted its position in Royal Gold by 1.3% during the second 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. Finally, State of Tennessee Treasury Department boosted its position in Royal Gold by 650.0% during the third quarter. State of Tennessee Treasury Department now owns 75,000 shares of the basic materials company’s stock valued at $6,453,000 after purchasing an additional 65,000 shares during the last quarter. 72.04% of the stock is owned by institutional investors and hedge funds.
Royal Gold, Inc (NASDAQ RGLD) opened at $83.61 on Tuesday. Royal Gold, Inc has a 1-year low of $60.21 and a 1-year high of $94.39. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5,442.52, a PE ratio of 56.56, a price-to-earnings-growth ratio of 4.72 and a beta of 0.46.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.25 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is 62.34%.
A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a research report on Wednesday, September 6th. Royal Bank of Canada reissued an “outperform” rating on shares of Royal Gold in a research report on Thursday, September 7th. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reissued a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Finally, TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $96.28.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.12% of the stock is owned by company insiders.
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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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