2,203 Shares in Royal Gold, Inc. $RGLD Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,203 shares of the basic materials company’s stock, valued at approximately $440,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Royal Gold in the 2nd quarter valued at about $2,177,865,000. Vanguard Group Inc. increased its position in Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares in the last quarter. Capital International Investors acquired a new stake in Royal Gold during the 4th quarter worth approximately $332,026,000. Van ECK Associates Corp raised its holdings in Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after buying an additional 905,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Royal Gold by 89.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock valued at $412,543,000 after buying an additional 874,329 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research reports. Scotiabank reiterated a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. UBS Group raised their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada reduced their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Royal Gold has an average rating of “Hold” and an average target price of $285.10.

Royal Gold Stock Up 2.6%

NASDAQ RGLD opened at $259.01 on Friday. The stock has a market cap of $21.95 billion, a PE ratio of 28.28, a P/E/G ratio of 1.90 and a beta of 0.44. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The business has a 50 day moving average price of $210.17 and a two-hundred day moving average price of $236.60. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 114.9% on a year-over-year basis. As a group, sell-side analysts predict that Royal Gold, Inc. will post 10.33 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.