Fmr LLC Has $25.07 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

FMR LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 35.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,719 shares of the basic materials company's stock after buying an additional 46,615 shares during the period. FMR LLC owned approximately 0.27% of Royal Gold worth $25,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in Royal Gold by 60.8% in the 2nd quarter. CWM LLC now owns 6,147 shares of the basic materials company's stock valued at $769,000 after acquiring an additional 2,324 shares in the last quarter. QRG Capital Management Inc. lifted its position in Royal Gold by 6.3% in the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company's stock valued at $324,000 after acquiring an additional 154 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Royal Gold by 13.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,398 shares of the basic materials company's stock valued at $676,000 after acquiring an additional 656 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in Royal Gold in the 2nd quarter valued at $427,000. Finally, Aaron Wealth Advisors LLC lifted its position in Royal Gold by 1.8% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company's stock valued at $1,221,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Activity

In related news, Director William M. Hayes sold 1,984 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the company's stock in a transaction dated Friday, September 13th. The shares were 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 in the company, valued at approximately $2,415,648.06. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,373 shares of company stock valued at $494,578. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Royal Gold Stock Down 0.1 %

Shares of RGLD stock traded down $0.19 on Tuesday, reaching $148.22. The stock had a trading volume of 328,244 shares, compared to its average volume of 371,176. The firm's 50-day moving average is $145.98 and its two-hundred day moving average is $138.02. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 1.06 and a beta of 0.89. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analysts' expectations of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold's quarterly revenue was up 39.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. On average, sell-side analysts forecast that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. Royal Gold's dividend payout ratio is presently 41.28%.

About Royal Gold

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.