Atlas Wealth Partners LLC Buys Shares of 8,412 Royal Gold, Inc. (NASDAQ:RGLD)

Atlas Wealth Partners LLC purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,412 shares of the basic materials company's stock, valued at approximately $1,180,000. Royal Gold accounts for about 1.8% of Atlas Wealth Partners LLC's portfolio, making the stock its 12th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Royal Gold by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company's stock worth $811,861,000 after acquiring an additional 21,407 shares during the last quarter. Van ECK Associates Corp increased its stake in Royal Gold by 6.8% in the first quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company's stock valued at $559,807,000 after purchasing an additional 292,357 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Royal Gold by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company's stock worth $448,694,000 after buying an additional 20,508 shares during the period. Bank of New York Mellon Corp boosted its stake in Royal Gold by 34.1% in the 2nd 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. Finally, Dimensional Fund Advisors LP grew its holdings in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock valued at $100,991,000 after buying an additional 156,048 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 2.8 %

RGLD stock traded up $4.20 during trading on Friday, reaching $152.65. The stock had a trading volume of 476,620 shares, compared to its average volume of 370,061. The firm has a fifty day moving average price of $140.15 and a 200 day moving average price of $132.17. The company has a market capitalization of $10.03 billion, a P/E ratio of 45.03, a PEG ratio of 1.19 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $153.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 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 quarter in the previous year, the firm posted $0.88 earnings per share. The company's revenue was up 20.9% compared to the same quarter last year. Sell-side analysts predict that Royal Gold, Inc. will post 4.89 EPS for the current year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.05%. Royal Gold's dividend payout ratio (DPR) is presently 47.20%.

Insider Activity at Royal Gold

In other news, Director Ronald J. Vance sold 415 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the transaction, the director now owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Ronald J. Vance sold 415 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now directly owns 8,194 shares of the company's stock, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $132,160.00. Following the transaction, the director now owns 9,109 shares in the company, valued at $1,203,845.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,355 shares of company stock valued at $1,170,315 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. 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 research report on Friday, October 4th. StockNews.com raised Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Raymond James raised their price objective on Royal Gold from $167.00 to $170.00 and gave the stock an "outperformer" rating in a report on Friday, August 9th. Scotiabank boosted their target price on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Finally, CIBC raised their price target on shares of Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $158.86.

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.