Janney Montgomery Scott LLC Grows Position in Royal Gold, Inc. (NASDAQ:RGLD)

Janney Montgomery Scott LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,330 shares of the basic materials company’s stock after buying an additional 122 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Royal Gold were worth $748,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Royal Gold during the third quarter worth $49,000. Blue Trust Inc. grew its holdings in shares of Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after buying an additional 213 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Royal Gold during the second quarter worth $62,000. 1832 Asset Management L.P. purchased a new stake in shares of Royal Gold during the second quarter worth $65,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Royal Gold during the second quarter worth $75,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RGLD. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Jefferies Financial Group upped their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. Raymond James upped their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Scotiabank upped their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, TD Securities upped their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average target price of $165.43.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 840 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul Libner sold 1,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the sale, the chief financial officer now directly owns 18,657 shares in the company, valued at $2,659,182.21. This represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,339 shares of company stock valued at $1,329,902. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Price Performance

NASDAQ RGLD opened at $140.24 on Monday. The firm’s 50-day moving average is $144.03 and its two-hundred day moving average is $135.72. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The stock has a market capitalization of $9.22 billion, a P/E ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Royal Gold’s revenue for the quarter was up 39.8% compared to the same quarter last year. As a group, analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. Royal Gold’s payout ratio is currently 36.70%.

Royal Gold Company Profile

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.