Sprott Inc. increased its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,797 shares of the basic materials company’s stock after acquiring an additional 1,359 shares during the quarter. Sprott Inc. owned about 0.05% of Royal Gold worth $2,822,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RGLD. Capital World Investors boosted its position in shares of Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after acquiring an additional 849,900 shares during the period. Bank of Montreal Can boosted its position in shares of Royal Gold by 702.0% in the second quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock valued at $15,788,000 after acquiring an additional 176,787 shares during the period. Capital Research Global Investors boosted its position in shares of Royal Gold by 131.8% in the second quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock valued at $12,038,000 after acquiring an additional 87,567 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Royal Gold by 2.2% in the second quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after acquiring an additional 73,384 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Royal Gold by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after acquiring an additional 73,112 shares during the period. Institutional investors own 70.24% of the company’s stock.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman William M. Hayes sold 10,850 shares of Royal Gold stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $86.35, for a total transaction of $936,897.50. The disclosure for this sale can be found here. Insiders have sold 81,716 shares of company stock worth $7,186,288 over the last three months. Insiders own 1.12% of the company’s stock.

A number of equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday. 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. Canaccord Genuity reaffirmed a “buy” rating and issued a $114.00 target price on shares of Royal Gold in a research note on Sunday, October 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research note on Wednesday, September 6th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $93.65.

Royal Gold, Inc. (NASDAQ RGLD) traded down $1.10 during mid-day trading on Thursday, hitting $88.11. 144,978 shares of the company’s stock traded hands, compared to its average volume of 414,538. The stock has a market capitalization of $5,828.70, a P/E ratio of 60.58, a PEG ratio of 5.06 and a beta of 0.49. Royal Gold, Inc. has a 52-week low of $60.21 and a 52-week high of $94.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. The firm had revenue of $112.50 million for the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. equities analysts forecast that Royal Gold, Inc. will post 1.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, October 5th. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.

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

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