28,726 Shares in Royal Gold, Inc. $RGLD Acquired by Cibc World Market Inc.

Cibc World Market Inc. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, HoldingsChannel.com reports. The firm acquired 28,726 shares of the basic materials company’s stock, valued at approximately $5,734,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Royal Gold during the 2nd quarter valued at $2,177,865,000. Capital World Investors raised its stake in shares of Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after purchasing an additional 678,732 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Royal Gold by 18.1% during the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after purchasing an additional 905,488 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after buying an additional 396,778 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. The trade was a 5.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 1.5%

RGLD stock opened at $267.76 on Wednesday. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The stock has a market cap of $22.69 billion, a P/E ratio of 29.23, a PEG ratio of 2.00 and a beta of 0.44. The business’s 50-day moving average price is $212.06 and its 200-day moving average price is $236.44. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 earnings per share. On average, equities research analysts forecast that Royal Gold, Inc. will post 10.26 EPS 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. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Analysts Set New Price Targets

A number of research firms recently commented on RGLD. Royal Bank Of Canada reduced their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. UBS Group boosted their price target on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Zacks Research cut shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group dropped their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and a consensus target price of $285.10.

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.