Intech Investment Management LLC Has $410,000 Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Intech Investment Management LLC decreased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 72.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,919 shares of the basic materials company's stock after selling 7,798 shares during the period. Intech Investment Management LLC's holdings in Royal Gold were worth $410,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in Royal Gold by 1,800.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company's stock valued at $2,306,000 after acquiring an additional 18,344 shares during the period. Hsbc Holdings PLC grew its holdings in Royal Gold by 357.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company's stock valued at $6,473,000 after buying an additional 40,419 shares in the last quarter. BDF Gestion acquired a new stake in shares of Royal Gold during the second quarter worth $1,831,000. Sei Investments Co. increased its position in Royal Gold by 75.8% during the second quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company's stock worth $8,174,000 after acquiring an additional 28,163 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Royal Gold by 2.8% during the second quarter. American Century Companies Inc. now owns 216,187 shares of the basic materials company's stock worth $27,058,000 after purchasing an additional 5,911 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RGLD shares. Raymond James increased 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 raised their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Jefferies Financial Group upped their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $165.43.

Royal Gold Stock Up 0.7 %

Royal Gold stock traded up $1.03 during trading hours on Tuesday, hitting $148.37. The stock had a trading volume of 394,000 shares, compared to its average volume of 372,809. The business's 50 day simple moving average is $145.57 and its 200-day simple moving average is $137.36. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 1.08 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.13. The firm had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company's revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Research analysts anticipate that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

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

Insider Transactions at Royal Gold

In other 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 value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares of the company's stock, valued at $2,415,648.06. The trade was a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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.