American Century Companies Inc. Has $27.06 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

American Century Companies Inc. raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,187 shares of the basic materials company’s stock after buying an additional 5,911 shares during the period. American Century Companies Inc. owned about 0.33% of Royal Gold worth $27,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Royal Gold during the 1st quarter valued at $36,000. Janiczek Wealth Management LLC grew its holdings in shares of Royal Gold by 321.8% during the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the last quarter. Fortis Group Advisors LLC increased its stake in shares of Royal Gold by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after buying an additional 223 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after buying an additional 116 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Royal Gold in the second quarter valued at about $62,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Down 0.8 %

RGLD stock opened at $139.14 on Thursday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $145.59. The company has a market cap of $9.15 billion, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The business’s fifty day moving average is $136.84 and its 200-day moving average is $127.61.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $174.10 million for the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts anticipate that Royal Gold, Inc. will post 4.7 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s payout ratio is presently 47.20%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RGLD. Bank of America raised their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research report on Wednesday, June 26th. BMO Capital Markets raised their price target on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Scotiabank upped their price objective on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Raymond James increased their price objective on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus target price of $157.00.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction on Friday, September 13th. The shares were 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 of the company’s stock, valued at approximately $2,415,648.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Paul Libner sold 1,500 shares of the firm’s 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 owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,355 shares of company stock worth $1,170,315. Company insiders own 0.52% of the company’s stock.

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.