11,692 Shares in Royal Gold, Inc. $RGLD Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,692 shares of the basic materials company’s stock, valued at approximately $2,334,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. Bank of Nova Scotia lifted its stake in shares of Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 43 shares during the period. Apollon Wealth Management LLC boosted its position in shares of Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after purchasing an additional 44 shares during the last quarter. Hilltop Holdings Inc. grew its stake in shares of Royal Gold by 0.6% during the first quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after purchasing an additional 46 shares during the period. Compound Planning Inc. grew its stake in shares of Royal Gold by 3.3% during the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 47 shares during the period. Finally, Strs Ohio increased its holdings in Royal Gold by 0.6% in the first quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after purchasing an additional 48 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Up 1.8%

NASDAQ:RGLD opened at $263.75 on Tuesday. Royal Gold, Inc. has a 1 year low of $168.88 and a 1 year high of $306.25. The stock has a 50-day moving average price of $211.14 and a two-hundred day moving average price of $236.43. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.95 and a beta of 0.44. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.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. Royal Gold’s revenue was up 114.9% compared to the same quarter last year. As a group, equities analysts expect that Royal Gold, Inc. will post 10.32 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid 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 is presently 20.74%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred 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 directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

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

About Royal Gold

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.