Allspring Global Investments Holdings LLC Sells 3,686 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,931 shares of the basic materials company's stock after selling 3,686 shares during the period. Allspring Global Investments Holdings LLC owned 0.26% of Royal Gold worth $23,561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Royal Gold by 224.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company's stock worth $74,276,000 after buying an additional 422,026 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Royal Gold by 6.8% in the 1st 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 period. Bank of New York Mellon Corp boosted its position in shares of 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 valued at $104,507,000 after purchasing an additional 212,316 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Royal Gold by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock worth $100,991,000 after purchasing an additional 156,048 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Royal Gold by 38.4% in the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company's stock worth $60,514,000 after purchasing an additional 134,120 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Cibc World Mkts upgraded shares of Royal Gold to a "hold" rating in a report on Wednesday, July 10th. Raymond James upped their price objective 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. Jefferies Financial Group lifted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a report on Friday, October 4th. Scotiabank upped their price target on Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Finally, BMO Capital Markets upped their price target on Royal Gold from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $158.86.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the 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 sale, the director now directly owns 9,109 shares in the company, valued at approximately $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 accessible through this hyperlink. In other 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 value of $132,160.00. Following the transaction, the director now directly owns 9,109 shares in the company, valued at $1,203,845.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Randy Shefman sold 4,600 shares of the firm's 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 transaction, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,355 shares of company stock worth $1,170,315. Insiders own 0.52% of the company's stock.

Royal Gold Trading Down 0.5 %

RGLD traded down $0.81 during trading on Friday, hitting $150.34. 322,298 shares of the company's stock traded hands, compared to its average volume of 368,078. The company's 50 day simple moving average is $141.74 and its two-hundred day simple moving average is $132.85. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 1.30 and a beta of 0.90.

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 EPS for the quarter, beating 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 the consensus estimate of $172.12 million. During the same period last year, the business posted $0.88 EPS. The company's revenue was up 20.9% compared to the same quarter last year. On average, equities analysts expect that Royal Gold, Inc. will post 4.86 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.06%. Royal Gold's dividend payout ratio is 43.84%.

Royal Gold 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.