Groupe la Francaise Purchases 2,850 Shares of Royal Gold, Inc. $RGLD

Groupe la Francaise boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.0% in the second quarter, Holdings Channel reports. The fund owned 43,350 shares of the basic materials company’s stock after acquiring an additional 2,850 shares during the period. Groupe la Francaise’s holdings in Royal Gold were worth $8,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president directly owned 8,082 shares in the company, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RGLD. Scotiabank reiterated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. UBS Group raised their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada dropped their target price on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings cut shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group cut their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $285.10.

Royal Gold Price Performance

RGLD stock opened at $262.11 on Monday. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The company has a market cap of $22.21 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. The business’s 50-day simple moving average is $220.36 and its 200 day simple moving average is $235.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm had revenue of $468.98 million during the quarter, compared to analysts’ expectations of $458.85 million. During the same quarter in the prior year, the firm posted $1.81 EPS. The company’s revenue for the quarter was up 114.9% on a year-over-year basis. On average, research analysts anticipate that Royal Gold, Inc. will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s payout ratio is currently 20.74%.

Royal Gold Profile

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.