Private Advisor Group LLC Buys 150 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Private Advisor Group LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,840 shares of the basic materials company’s stock after acquiring an additional 150 shares during the period. Private Advisor Group LLC’s holdings in Royal Gold were worth $819,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Royal Gold during the first quarter valued at approximately $36,000. Compagnie Lombard Odier SCmA bought a new position in shares of Royal Gold during the third quarter valued at approximately $49,000. Blue Trust Inc. boosted its stake 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 valued at $57,000 after purchasing an additional 213 shares in the last quarter. Mather Group LLC. bought a new position in shares of Royal Gold during the second quarter valued at approximately $62,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Royal Gold during the second quarter valued at approximately $65,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Down 0.4 %

NASDAQ:RGLD opened at $145.45 on Friday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a 50 day moving average of $143.00 and a 200 day moving average of $133.99. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 1.20 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly 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 business had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. As a group, analysts expect that Royal Gold, Inc. will post 4.99 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Royal Gold’s dividend payout ratio is currently 43.84%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the firm’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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the transaction, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,355 shares of company stock valued at $1,170,315. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RGLD. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank increased their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. CIBC increased their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. Finally, Raymond James increased their target price on shares of Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $159.50.

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.