Russell Investments Group Ltd. Buys 130,624 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Russell Investments Group Ltd. grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 52.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,043 shares of the basic materials company’s stock after buying an additional 130,624 shares during the period. Russell Investments Group Ltd. owned 0.58% of Royal Gold worth $35,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE boosted its stake in Royal Gold by 3.2% during the first quarter. US Bancorp DE now owns 3,913 shares of the basic materials company’s stock worth $552,000 after buying an additional 123 shares during the period. HighTower Advisors LLC boosted its stake in shares of Royal Gold by 17.9% during the first quarter. HighTower Advisors LLC now owns 6,544 shares of the basic materials company’s stock valued at $921,000 after purchasing an additional 993 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Royal Gold during the first quarter valued at $251,000. PNC Financial Services Group Inc. boosted its stake in shares of Royal Gold by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock valued at $572,000 after purchasing an additional 96 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Royal Gold by 9.2% during the first quarter. Great West Life Assurance Co. Can now owns 35,641 shares of the basic materials company’s stock valued at $5,174,000 after purchasing an additional 2,988 shares during the period. Institutional investors own 78.13% of the company’s stock.

Insider Activity

In other news, CFO Paul Libner sold 250 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $115.00, for a total transaction of $28,750.00. Following the transaction, the chief financial officer now owns 14,265 shares in the company, valued at approximately $1,640,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $128.31 on Wednesday. Royal Gold, Inc. has a twelve month low of $84.54 and a twelve month high of $147.70. The company’s 50 day moving average is $114.64 and its 200 day moving average is $103.55. The company has a current ratio of 2.82, a quick ratio of 2.61 and a debt-to-equity ratio of 0.16. The company has a market cap of $8.42 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Royal Gold (NASDAQ:RGLDGet Rating) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 2nd. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Royal Gold had a return on equity of 8.84% and a net margin of 41.19%. The business had revenue of $131.43 million during the quarter. On average, sell-side analysts forecast that Royal Gold, Inc. will post 3.29 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were given a dividend of $0.375 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, January 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.17%. Royal Gold’s dividend payout ratio (DPR) is 39.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RGLD. Raymond James boosted their target price on shares of Royal Gold from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 6th. StockNews.com raised shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st. Credit Suisse Group initiated coverage on shares of Royal Gold in a research note on Monday, December 12th. They set a “neutral” rating and a $120.00 target price for the company. National Bank Financial upped their price objective on shares of Royal Gold from C$120.00 to C$150.00 in a research note on Friday, January 13th. Finally, BMO Capital Markets upped their price objective on shares of Royal Gold from $134.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.09.

About Royal Gold

(Get Rating)

Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.

Featured Articles

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.