Russell Investments Group Ltd. Boosts Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Russell Investments Group Ltd. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLDGet Rating) (TSE:RGL) by 52.2% during the third quarter, Holdings Channel reports. The institutional investor owned 381,043 shares of the basic materials company’s stock after purchasing an additional 130,624 shares during the quarter. Russell Investments Group Ltd.’s holdings in Royal Gold were worth $35,666,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. National Bank of Canada FI boosted its position in Royal Gold by 280.0% during the second quarter. National Bank of Canada FI now owns 247 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Royal Gold by 200.0% in the third quarter. Harbor Investment Advisory LLC now owns 300 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Royal Gold in the second quarter valued at $41,000. CoreCap Advisors LLC purchased a new stake in shares of Royal Gold in the second quarter valued at $51,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Royal Gold in the first quarter valued at $51,000. 78.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

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 sale, the chief financial officer now directly 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 can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

Royal Gold Price Performance

RGLD stock opened at $128.31 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.61 and a current ratio of 2.82. Royal Gold, Inc. has a 1 year low of $84.54 and a 1 year high of $147.70. The firm has a market cap of $8.42 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The stock has a 50-day simple moving average of $114.64 and a 200-day simple moving average of $103.55.

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

Royal Gold Increases Dividend

The business also recently declared 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 represents a $1.50 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Royal Gold’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, January 5th. Royal Gold’s dividend payout ratio is presently 39.27%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Eight Capital dropped their target price on Royal Gold to $143.00 in a research note on Thursday, October 27th. Credit Suisse Group assumed coverage on Royal Gold in a research note on Monday, December 12th. They issued a “neutral” rating and a $120.00 target price for the company. National Bank Financial upped their target price on Royal Gold from C$120.00 to C$150.00 in a research note on Friday, January 13th. StockNews.com upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st. Finally, BMO Capital Markets upped their target price on Royal Gold from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, January 11th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.09.

Royal Gold Profile

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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.

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

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