3,500 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by MQS Management LLC

MQS Management LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, Holdings Channel reports. The fund bought 3,500 shares of the basic materials company’s stock, valued at approximately $491,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position 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 last quarter. Van ECK Associates Corp boosted its position in shares of Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after acquiring an additional 39,394 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Royal Gold by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after acquiring an additional 20,508 shares during the last quarter. Bank of New York Mellon Corp increased its position in Royal Gold by 34.1% during the second quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after acquiring an additional 212,316 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after purchasing an additional 156,048 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RGLD shares. Scotiabank upped 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 report on Monday, August 19th. TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Raymond James increased their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Jefferies Financial Group lifted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Royal Gold has an average rating of “Hold” and an average target price of $165.43.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the transaction, the director now owns 9,268 shares in the company, valued at $1,362,859.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,339 shares of company stock valued at $1,329,902 in the last three months. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $139.69 on Thursday. The company’s fifty day moving average is $143.86 and its 200-day moving average is $135.36. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market capitalization of $9.19 billion, a PE ratio of 32.04, a P/E/G ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The firm had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. On average, analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Dividend Announcement

The firm 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 1.15%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is currently 36.70%.

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.