7,293 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by Premier Fund Managers Ltd

Premier Fund Managers Ltd acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,293 shares of the basic materials company's stock, valued at approximately $1,034,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold during the 3rd quarter worth about $49,000. Blue Trust Inc. increased its position in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after acquiring an additional 213 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Royal Gold during the second quarter valued at approximately $62,000. Quest Partners LLC purchased a new stake in shares of Royal Gold in the 3rd quarter valued at approximately $62,000. Finally, 1832 Asset Management L.P. acquired a new position in Royal Gold in the 2nd quarter worth approximately $65,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Price Performance

Shares of RGLD stock traded up $0.58 on Wednesday, hitting $148.47. The company's stock had a trading volume of 65,061 shares, compared to its average volume of 368,503. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 1.12 and a beta of 0.90. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The firm's fifty day moving average price is $144.50 and its 200-day moving average price is $136.07.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the company posted $0.76 EPS. The firm's revenue was up 39.8% on a year-over-year basis. Analysts predict that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.45 dividend. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. Royal Gold's dividend payout ratio (DPR) is currently 36.70%.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 840 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the transaction, the senior vice president now owns 16,842 shares of the company's stock, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. This trade represents a 38.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,924 shares of company stock worth $1,271,449. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

RGLD has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a report on Friday, October 4th. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Raymond James upped their target price on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday, November 11th. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Scotiabank increased their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold has an average rating of "Hold" and a consensus price target of $165.43.

Royal Gold 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.