Royal Gold, Inc. $RGLD Stock: Vest Financial LLC Increases Stake

Vest Financial LLC raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 93.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,215 shares of the basic materials company’s stock after acquiring an additional 7,846 shares during the period. Vest Financial LLC’s holdings in Royal Gold were worth $3,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Royal Gold during the second quarter worth approximately $2,177,865,000. Bank of New York Mellon Corp bought a new stake in shares of Royal Gold in the second quarter valued at approximately $150,762,000. Findlay Park Partners LLP bought a new stake in shares of Royal Gold in the second quarter valued at approximately $111,392,000. Bank of America Corp DE acquired a new stake in shares of Royal Gold in the second quarter worth $88,124,000. Finally, Deutsche Bank AG acquired a new stake in shares of Royal Gold in the second quarter worth $69,325,000. 83.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RGLD has been the topic of a number of research reports. Canadian Imperial Bank of Commerce set a $305.00 target price on shares of Royal Gold in a research report on Friday, October 16th. TD reduced their price target on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James Financial restated an “outperform” rating and issued a $336.00 price target on shares of Royal Gold in a research report on Tuesday. Royal Bank Of Canada boosted their price objective on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings upgraded shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.56.

Royal Gold Stock Down 3.1%

Shares of RGLD stock opened at $227.42 on Friday. The stock has a market cap of $19.27 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45. Royal Gold, Inc. has a one year low of $168.88 and a one year high of $306.25. The stock has a fifty day moving average price of $247.04 and a 200 day moving average price of $230.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue was up 114.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 earnings per share. Analysts predict that Royal Gold, Inc. will post 10.47 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.