Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 41.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,985 shares of the basic materials company’s stock after selling 2,870 shares during the quarter. XTX Topco Ltd’s holdings in Royal Gold were worth $499,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new stake in shares of Royal Gold during the first quarter worth about $36,000. Janiczek Wealth Management LLC boosted its holdings in Royal Gold by 321.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after buying an additional 325 shares during the last quarter. Fortis Group Advisors LLC increased its stake in Royal Gold by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock worth $54,000 after buying an additional 223 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Royal Gold during the second quarter valued at approximately $62,000. Finally, ORG Partners LLC purchased a new position in shares of Royal Gold in the first quarter valued at approximately $72,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RGLD. BMO Capital Markets raised their price objective on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Bank of America upped their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research note on Wednesday, June 26th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. Finally, Scotiabank upped 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $157.00.

Royal Gold Trading Up 1.8 %

NASDAQ RGLD opened at $146.36 on Wednesday. The stock has a fifty day simple moving average of $137.34 and a 200-day simple moving average of $128.64. The stock has a market cap of $9.62 billion, a PE ratio of 43.17, a P/E/G ratio of 1.13 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.65.

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, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. Royal Gold’s revenue was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. Research analysts predict that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Announces Dividend

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

Royal Gold 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.