State of Tennessee Treasury Department grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 650.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the basic materials company’s stock after buying an additional 65,000 shares during the quarter. State of Tennessee Treasury Department owned 0.11% of Royal Gold worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. Wellington Management Group LLP grew its stake in Royal Gold by 204.2% during the 1st quarter. Wellington Management Group LLP now owns 12,958 shares of the basic materials company’s stock worth $908,000 after purchasing an additional 8,699 shares in the last quarter. Teachers Advisors LLC raised its stake in Royal Gold by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 143,373 shares of the basic materials company’s stock valued at $10,043,000 after acquiring an additional 3,359 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Royal Gold by 17.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 207,805 shares of the basic materials company’s stock valued at $14,557,000 after acquiring an additional 31,130 shares during the last quarter. Capstone Asset Management Co. raised its stake in Royal Gold by 1.9% during the 2nd quarter. Capstone Asset Management Co. now owns 10,286 shares of the basic materials company’s stock valued at $804,000 after acquiring an additional 190 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Royal Gold by 702.0% during the 2nd quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after purchasing an additional 176,787 shares during the period. 70.25% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Karli S. Anderson sold 2,262 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total transaction of $206,859.90. Following the completion of the sale, the vice president now owns 20,081 shares in the company, valued at approximately $1,836,407.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Bruce Christopher Kirchhoff sold 28,805 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $86.28, for a total transaction of $2,485,295.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,716 shares of company stock valued at $7,186,288. 1.12% of the stock is owned by insiders.
RGLD has been the topic of several research reports. Zacks Investment Research lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and set a $113.00 target price on shares of Royal Gold in a research note on Sunday, October 1st. Royal Bank Of Canada set a $89.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Monday, October 23rd. BidaskClub raised shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $94.50.
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Royal Gold, Inc. (NASDAQ RGLD) opened at $85.61 on Monday. Royal Gold, Inc. has a twelve month low of $60.21 and a twelve month high of $94.39. The firm has a market cap of $5,603.54, a P/E ratio of 58.24, a P/E/G ratio of 4.86 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 (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $112.50 million for the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. Royal Gold’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. equities analysts predict that Royal Gold, Inc. will post 1.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is currently 62.34%.
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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