Vontobel Holding Ltd. Invests $225,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Vontobel Holding Ltd. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,601 shares of the basic materials company’s stock, valued at approximately $225,000.

Several other hedge funds have also recently added to or reduced their stakes in RGLD. Private Advisor Group LLC boosted its position in shares of Royal Gold by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after acquiring an additional 141 shares in the last quarter. UMB Bank n.a. lifted its stake in Royal Gold by 15.4% during the third quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 153 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Royal Gold by 6.3% in the second quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 154 shares in the last quarter. Creative Planning increased its stake in Royal Gold by 1.9% in the second quarter. Creative Planning now owns 8,190 shares of the basic materials company’s stock valued at $1,025,000 after purchasing an additional 155 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Royal Gold by 1.8% during the second quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In related news, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the firm’s 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 owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the transaction, the director now directly owns 8,194 shares in the company, valued at approximately $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. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

Royal Gold Stock Down 1.3 %

RGLD opened at $152.24 on Thursday. The business has a 50 day moving average price of $141.37 and a two-hundred day moving average price of $132.72. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market cap of $10.01 billion, a PE ratio of 44.91, a P/E/G ratio of 1.28 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly 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. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The firm 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 company earned $0.88 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, sell-side analysts expect that Royal Gold, Inc. will post 4.89 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is 47.20%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RGLD shares. Scotiabank upped their target price 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. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. Bank of America raised their price objective on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a report on Wednesday, June 26th. BMO Capital Markets boosted their target price on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus price target of $158.86.

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.