Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,347 shares of the basic materials company’s stock after acquiring an additional 157 shares during the period. Creative Planning’s holdings in Royal Gold were worth $1,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Vanguard Group Inc. grew its position in shares of Royal Gold by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock valued at $811,861,000 after purchasing an additional 21,407 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Royal Gold by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock valued at $448,694,000 after acquiring an additional 20,508 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock valued at $104,507,000 after acquiring an additional 212,316 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Royal Gold by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after acquiring an additional 156,048 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Royal Gold by 224.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock valued at $74,276,000 after purchasing an additional 422,026 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Down 3.3 %

RGLD opened at $146.06 on Friday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 1.24 and a beta of 0.90. The company has a fifty day simple moving average of $142.77 and a 200 day simple moving average of $133.73.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. On average, analysts forecast that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is currently 43.84%.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the transaction, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,355 shares of company stock worth $1,170,315. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Cibc World Mkts upgraded Royal Gold to a “hold” rating in a report on Wednesday, July 10th. CIBC lifted their price objective on Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group increased their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $158.86.

About Royal Gold

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.