Dynamic Technology Lab Private Ltd Invests $1.20 Million in Royal Gold, Inc. (NASDAQ:RGLD)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 8,559 shares of the basic materials company's stock, valued at approximately $1,201,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Royal Gold by 1,800.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company's stock worth $2,306,000 after buying an additional 18,344 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company's stock worth $1,294,000 after acquiring an additional 6,616 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Royal Gold by 357.7% during the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company's stock valued at $6,473,000 after acquiring an additional 40,419 shares during the last quarter. BDF Gestion purchased a new position in shares of Royal Gold in the second quarter valued at $1,831,000. Finally, Sei Investments Co. increased its position in Royal Gold by 75.8% in the second quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company's stock worth $8,174,000 after purchasing an additional 28,163 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $146.31 on Wednesday. The firm has a market cap of $9.62 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90. The firm's 50 day simple moving average is $145.08 and its 200-day simple moving average is $136.73. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10.

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

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. 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 yield of 1.23%. Royal Gold's dividend payout ratio is 36.70%.

Analysts Set New Price Targets

Several equities analysts have commented on RGLD shares. TD Securities increased 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. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Raymond James lifted their target price on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Scotiabank increased their price target on Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group lifted their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $165.43.

Insiders Place Their Bets

In other news, CFO Paul Libner sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,324 shares of company stock worth $626,023 in the last three months. Corporate insiders own 0.52% of the company's stock.

Royal Gold Company 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.