37,163 Shares in Royal Gold, Inc. (RGLD) Acquired by Artemis Investment Management LLP
Artemis Investment Management LLP purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,163 shares of the basic materials company’s stock, valued at approximately $3,197,000. Artemis Investment Management LLP owned about 0.06% of Royal Gold as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in Royal Gold in the 2nd quarter valued at $104,000. Almanack Investment Partners LLC. acquired a new position in Royal Gold in the 2nd quarter valued at $109,000. Mountain Capital Investment Advisors Inc acquired a new position in Royal Gold in the 2nd quarter valued at $109,000. MUFG Americas Holdings Corp acquired a new position in Royal Gold in the 2nd quarter valued at $117,000. Finally, KBC Group NV acquired a new position in Royal Gold in the 2nd quarter valued at $142,000. Institutional investors and hedge funds own 70.19% of the company’s stock.
Shares of Royal Gold, Inc. (NASDAQ RGLD) opened at $86.00 on Friday. The company has a quick ratio of 4.29, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5,629.04, a price-to-earnings ratio of 58.50, a price-to-earnings-growth ratio of 5.81 and a beta of 0.49. Royal Gold, Inc. has a 12-month low of $60.21 and a 12-month high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. sell-side analysts predict that Royal Gold, Inc. will post 1.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.24 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.96 annualized dividend and a yield of 1.12%. Royal Gold’s dividend payout ratio is 62.34%.
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RGLD has been the topic of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $114.00 target price on shares of Royal Gold in a research note on Sunday, October 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Royal Bank Of Canada set a $89.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $93.65.
In other news, Chairman William M. Hayes sold 10,850 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $86.35, for a total transaction of $936,897.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tony A. Jensen sold 3,523 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $87.03, for a total transaction of $306,606.69. The disclosure for this sale can be found here. Insiders sold a total of 81,716 shares of company stock worth $7,186,288 over the last 90 days. Company insiders own 1.12% of the company’s stock.
Royal Gold Profile
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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