Dynamic Technology Lab Private Ltd Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Dynamic Technology Lab Private Ltd bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,800 shares of the basic materials company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RGLD. Norges Bank purchased a new position in Royal Gold in the fourth quarter worth $33,696,000. International Assets Investment Management LLC grew its position in Royal Gold by 12,032.4% during the fourth quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock valued at $22,219,000 after buying an additional 182,171 shares during the period. Barlow Wealth Partners Inc. purchased a new stake in Royal Gold during the fourth quarter worth about $12,733,000. Van ECK Associates Corp raised its position in Royal Gold by 1.3% in the third quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock worth $455,165,000 after acquiring an additional 54,449 shares during the period. Finally, American Century Companies Inc. boosted its stake in Royal Gold by 28.0% in the third quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company’s stock valued at $25,160,000 after acquiring an additional 51,795 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $128.51 on Monday. The company has a 50 day moving average of $122.37 and a 200 day moving average of $117.59. The company has a current ratio of 2.50, a quick ratio of 2.35 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.45 billion, a P/E ratio of 37.91, a P/E/G ratio of 1.08 and a beta of 0.88. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $134.56.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million for the quarter, compared to analysts’ expectations of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 4.51 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. Royal Gold’s dividend payout ratio is currently 47.20%.

Insider Activity

In related news, SVP Daniel Breeze sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at $1,940,033.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 1,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the completion of the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RGLD. BMO Capital Markets lifted their price target on shares of Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Scotiabank lifted their price objective on Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a report on Thursday. Jefferies Financial Group started coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, Cantor Fitzgerald downgraded shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $142.13.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.