BDF Gestion Increases Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

BDF Gestion increased its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 47.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,629 shares of the basic materials company's stock after purchasing an additional 7,000 shares during the period. BDF Gestion's holdings in Royal Gold were worth $3,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RGLD. Wellington Management Group LLP grew its stake in shares of Royal Gold by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 46,349 shares of the basic materials company's stock valued at $5,606,000 after buying an additional 967 shares during the last quarter. Vanguard Group Inc. increased its stake in Royal Gold by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company's stock worth $803,606,000 after purchasing an additional 22,921 shares during the period. Confluence Investment Management LLC bought a new stake in Royal Gold in the first quarter valued at approximately $521,000. Duncan Williams Asset Management LLC purchased a new stake in shares of Royal Gold during the first quarter valued at approximately $397,000. Finally, CWM LLC grew its holdings in shares of Royal Gold by 102.6% in the first quarter. CWM LLC now owns 3,823 shares of the basic materials company's stock worth $466,000 after purchasing an additional 1,936 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Cibc World Mkts raised Royal Gold to a "hold" rating in a research report on Wednesday, July 10th. Bank of America boosted their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an "underperform" rating in a research report on Wednesday, June 26th. Jefferies Financial Group raised their target price 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. Raymond James boosted their price target on shares of Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a research report on Friday, August 9th. Finally, StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Royal Gold currently has an average rating of "Hold" and an average target price of $158.86.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded up $3.47 during midday trading on Tuesday, hitting $145.79. 363,625 shares of the stock traded hands, compared to its average volume of 370,396. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $147.65. The firm has a market capitalization of $9.58 billion, a P/E ratio of 43.01, a PEG ratio of 1.17 and a beta of 0.90. The firm has a 50-day moving average of $138.57 and a two-hundred day moving average of $131.43.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The business had revenue of $174.10 million for the quarter, compared to analysts' expectations of $172.12 million. During the same period last year, the firm posted $0.88 earnings per share. The business's revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Royal Gold, Inc. will post 4.89 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, October 4th. Royal Gold's payout ratio is 47.20%.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares of the company's stock, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald J. Vance sold 1,000 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the sale, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock worth $1,170,315 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.