Swedbank AB Purchases New Shares in Royal Gold, Inc. (NASDAQ:RGLD)

Swedbank AB purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,157 shares of the basic materials company's stock, valued at approximately $11,246,000. Swedbank AB owned 0.12% of Royal Gold at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Fidelis Capital Partners LLC acquired a new position in shares of Royal Gold in the 1st quarter worth approximately $36,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold in the 3rd quarter valued at approximately $49,000. Janiczek Wealth Management LLC increased its position in Royal Gold by 321.8% during the first quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company's stock worth $52,000 after buying an additional 325 shares during the last quarter. Mather Group LLC. bought a new position in shares of Royal Gold in the 2nd quarter valued at approximately $62,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Royal Gold in the second quarter valued at approximately $65,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 2.8 %

Shares of NASDAQ:RGLD traded up $4.20 during trading on Friday, hitting $152.65. 476,405 shares of the company were exchanged, compared to its average volume of 370,061. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $153.78. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 1.19 and a beta of 0.90. The firm has a fifty day moving average price of $139.69 and a two-hundred day moving average price of $131.83.

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

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.40 dividend. The ex-dividend date is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Royal Gold's payout ratio is 47.20%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. Bank of America upped 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. Scotiabank raised their price target on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. BMO Capital Markets upped their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, July 10th. Raymond James raised their target price on shares of Royal Gold from $167.00 to $170.00 and gave the stock an "outperformer" rating in a 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 issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Hold" and an average target price of $158.86.

Insider Activity at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the transaction, the director now owns 9,109 shares of the company's stock, valued at $1,203,845.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares of the company's stock, valued at $1,203,845.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald J. Vance sold 415 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the transaction, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 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.