Royal Gold, Inc. $RGLD Stake Boosted by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9,505.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,000 shares of the basic materials company’s stock after buying an additional 154,376 shares during the quarter. Phoenix Financial Ltd.’s holdings in Royal Gold were worth $36,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Axiom Investment Management LLC bought a new stake in Royal Gold in the first quarter valued at approximately $25,000. Grove Bank & Trust boosted its stake in shares of Royal Gold by 88.6% during the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Eastern Bank boosted its stake in shares of Royal Gold by 622.2% during the 3rd quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 112 shares during the period. Scarborough Advisors LLC acquired a new position in shares of Royal Gold during the 1st quarter worth approximately $32,000. Finally, Core Capital Management & Research inc. acquired a new position in shares of Royal Gold during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Performance

Royal Gold stock traded up $1.55 during trading hours on Friday, hitting $256.89. The company had a trading volume of 358,524 shares, compared to its average volume of 731,511. The firm has a 50-day moving average of $245.10 and a 200 day moving average of $240.63. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.40 and a quick ratio of 2.21. The firm has a market cap of $21.72 billion, a PE ratio of 25.90, a PEG ratio of 1.84 and a beta of 0.46. Royal Gold, Inc. has a one year low of $181.01 and a one year high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.03. Royal Gold had a return on equity of 11.67% and a net margin of 47.69%. The company had revenue of $464.77 million during the quarter, compared to analysts’ expectations of $459.84 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s revenue was up 84.4% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold, Inc. will post 10.71 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a dividend of $0.4750 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is 19.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. UBS Group lifted their price objective 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. TD reduced their price objective on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Royal Bank Of Canada upped their price objective on shares of Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Royal Gold from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, November 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and an average target price of $309.67.

Insider Buying and Selling at Royal Gold

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

Royal Gold Company Profile

Royal Gold, Inc. is a precious metals company that finances mining operations through royalty and streaming agreements. Rather than operating mines itself, the company acquires interests that give it rights to payments or a share of future metal production from mines operated by other companies. Under a streaming agreement, Royal Gold provides financing in exchange for the right to purchase a specified portion of a mine’s future production at an agreed price. Its royalties generally entitle it to payments tied to a mine’s production or revenue.