Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 806,872 shares of the basic materials company’s stock after purchasing an additional 156,048 shares during the quarter. Dimensional Fund Advisors LP owned about 1.23% of Royal Gold worth $100,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors raised its position in shares of Royal Gold by 0.6% in the fourth quarter. Capital World Investors now owns 8,169,223 shares of the basic materials company’s stock valued at $988,149,000 after buying an additional 47,807 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Gold by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after purchasing an additional 21,407 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 6.8% during the first quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock worth $559,807,000 after purchasing an additional 292,357 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Royal Gold by 34.1% in the second 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 purchasing an additional 212,316 shares during the period. Finally, Kopernik Global Investors LLC increased its stake in Royal Gold by 12.3% in the fourth quarter. Kopernik Global Investors LLC now owns 671,723 shares of the basic materials company’s stock valued at $81,252,000 after purchasing an additional 73,642 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Up 1.8 %

Shares of NASDAQ:RGLD opened at $146.36 on Wednesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The company has a 50 day moving average of $137.34 and a two-hundred day moving average of $128.64. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $147.65.

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

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s dividend payout ratio (DPR) is 47.20%.

Analyst Ratings Changes

RGLD has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. CIBC boosted their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Raymond James increased their price target on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research note on Friday, August 9th. Jefferies Financial Group boosted their price objective on shares of Royal Gold from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Finally, Scotiabank increased their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. One investment 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, the company currently has a consensus rating of “Hold” and an average price target of $157.00.

Insider Activity at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at $1,203,845.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 840 shares of the company’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 sale, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,355 shares of company stock valued at $1,170,315. Insiders own 0.52% of the company’s stock.

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.