Royal Gold, Inc. $RGLD Stock: Euro Pacific Asset Management LLC Increases Position

Euro Pacific Asset Management LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,231 shares of the basic materials company’s stock after purchasing an additional 8,691 shares during the period. Royal Gold makes up approximately 3.0% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Euro Pacific Asset Management LLC’s holdings in Royal Gold were worth $45,570,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Castleview Partners LLC grew its position in Royal Gold by 16.7% in the 3rd quarter. Castleview Partners LLC now owns 2,100 shares of the basic materials company’s stock valued at $496,000 after buying an additional 300 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Royal Gold by 12.3% in the 3rd quarter. Wedmont Private Capital now owns 2,051 shares of the basic materials company’s stock valued at $474,000 after buying an additional 224 shares during the period. GAMMA Investing LLC boosted its stake in shares of Royal Gold by 8.3% in the third quarter. GAMMA Investing LLC now owns 4,780 shares of the basic materials company’s stock valued at $1,128,000 after buying an additional 366 shares in the last quarter. Sapient Capital LLC purchased a new stake in shares of Royal Gold in the third quarter valued at approximately $11,251,000. Finally, Everhart Financial Group Inc. boosted its stake in shares of Royal Gold by 14.7% in the third quarter. Everhart Financial Group Inc. now owns 3,432 shares of the basic materials company’s stock valued at $810,000 after buying an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of Royal Gold stock traded down $3.39 on Tuesday, hitting $233.52. The company’s stock had a trading volume of 446,121 shares, compared to its average volume of 844,774. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week 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 firm has a fifty day moving average price of $245.40 and a 200-day moving average price of $231.33. The company has a market capitalization of $19.79 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 1.78 and a beta of 0.45.

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

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

Analyst Ratings Changes

RGLD has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a report on Tuesday, July 14th. TD raised their target price on Royal Gold from $289.00 to $315.00 and gave the company a “buy” rating in a report on Friday, September 18th. UBS Group boosted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Jefferies Financial Group lowered their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.64.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by company insiders.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.

Royal Gold’s portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.