Raymond James & Associates Increases Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Raymond James & Associates grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 75,699 shares of the basic materials company's stock after acquiring an additional 5,481 shares during the quarter. Raymond James & Associates owned about 0.12% of Royal Gold worth $10,621,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 213 shares during the period. Claro Advisors LLC bought a new stake in shares of Royal Gold during the 3rd quarter valued at $233,000. Vontobel Holding Ltd. bought a new stake in shares of Royal Gold during the 3rd quarter valued at $225,000. Ullmann Wealth Partners Group LLC bought a new stake in shares of Royal Gold during the 3rd quarter worth $406,000. Finally, BDF Gestion lifted its position in shares of Royal Gold by 47.9% during the 3rd quarter. BDF Gestion now owns 21,629 shares of the basic materials company's stock worth $3,035,000 after buying an additional 7,000 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Trading Up 1.7 %

NASDAQ RGLD traded up $2.58 during trading hours on Tuesday, hitting $153.61. 225,175 shares of the company's stock were exchanged, compared to its average volume of 366,797. The stock has a 50-day simple moving average of $142.27 and a 200 day simple moving average of $133.37. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 42.08, a PEG ratio of 1.24 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its 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 during the quarter, compared to analysts' expectations of $172.12 million. During the same quarter last year, the firm posted $0.88 earnings per share. The firm's revenue was up 20.9% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.04%. Royal Gold's dividend payout ratio is presently 43.84%.

Insider Activity

In other news, SVP Daniel Breeze sold 840 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Daniel Breeze sold 840 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold 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 sale, the senior vice president now owns 7,430 shares in the company, valued at $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. Insiders have sold 8,355 shares of company stock worth $1,170,315 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RGLD shares. Raymond James increased their target price on Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a research report on Friday, August 9th. BMO Capital Markets increased their target price on Royal Gold from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, July 10th. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. CIBC increased their target price on Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, July 10th. Finally, Cibc World Mkts upgraded Royal Gold to a "hold" rating in a research report on Wednesday, July 10th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.86.

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.