Janus Henderson Group PLC Sells 5,068 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Janus Henderson Group PLC decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,552 shares of the basic materials company's stock after selling 5,068 shares during the period. Janus Henderson Group PLC owned approximately 0.09% of Royal Gold worth $8,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RGLD. Bank of New York Mellon Corp raised its holdings in Royal Gold by 34.1% during the second quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company's stock worth $104,507,000 after buying an additional 212,316 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Royal Gold by 24.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock worth $100,991,000 after buying an additional 156,048 shares during the last quarter. AQR Capital Management LLC raised its holdings in Royal Gold by 38.4% during the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company's stock worth $60,514,000 after buying an additional 134,120 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Royal Gold during the second quarter worth $15,559,000. Finally, International Assets Investment Management LLC raised its holdings in Royal Gold by 13,968.8% during the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company's stock worth $11,883,000 after buying an additional 84,092 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on RGLD shares. Scotiabank upped their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. TD Securities upped their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Raymond James upped their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group upped their target price 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 given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $165.43.

Royal Gold Stock Up 2.9 %

RGLD traded up $4.15 during trading on Monday, hitting $148.41. 418,416 shares of the company traded hands, compared to its average volume of 371,357. The firm has a market cap of $9.76 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89. The stock's fifty day moving average is $145.85 and its 200 day moving average is $137.88. 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 posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million during 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 firm's revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities research analysts forecast that Royal Gold, Inc. will post 5.14 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. 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 1.21%. Royal Gold's dividend payout ratio is 41.28%.

Insider Buying and Selling at Royal Gold

In other news, Director William M. Hayes sold 1,984 shares of the 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 directly owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the 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 sale, 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 own 0.52% of the company's stock.

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.