BFI Infinity Ltd. Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

BFI Infinity Ltd. acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,358 shares of the basic materials company's stock, valued at approximately $311,000.

A number of other institutional investors have also recently modified their holdings of RGLD. Point72 Hong Kong Ltd bought a new stake in shares of Royal Gold during the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. acquired a new position in Royal Gold during the third quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. lifted its stake in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Royal Gold in the 3rd quarter valued at $49,000. Finally, Larson Financial Group LLC increased its stake in shares of Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 123 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and raised their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. TD Securities upped their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Raymond James raised their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned 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 $168.86.

Royal Gold Trading Up 1.1 %

NASDAQ:RGLD traded up $1.51 during mid-day trading on Thursday, hitting $138.30. 344,219 shares of the company's stock were exchanged, compared to its average volume of 406,682. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The firm has a market capitalization of $9.09 billion, a P/E ratio of 31.72, a PEG ratio of 0.79 and a beta of 0.90. The company has a 50 day simple moving average of $141.15 and a 200-day simple moving average of $140.03.

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, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter last year, the firm earned $0.76 earnings per share. The company's revenue for the quarter was up 39.8% on a year-over-year basis. As a group, analysts expect that Royal Gold, Inc. will post 5.16 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.30%. Royal Gold's payout ratio is presently 41.28%.

Insider Buying and Selling at Royal Gold

In related news, Director William M. Hayes sold 1,984 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Daniel Breeze sold 549 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

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.