Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC raised its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 117.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,691 shares of the basic materials company's stock after buying an additional 3,613 shares during the quarter. Pallas Capital Advisors LLC's holdings in Royal Gold were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in Royal Gold by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,641 shares of the basic materials company's stock valued at $1,072,000 after purchasing an additional 515 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Royal Gold by 146.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,303 shares of the basic materials company's stock worth $1,866,000 after acquiring an additional 7,905 shares during the period. International Assets Investment Management LLC raised its stake in shares of Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company's stock valued at $11,883,000 after buying an additional 84,092 shares during the period. Private Advisor Group LLC grew its position in shares of Royal Gold by 2.6% in the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company's stock valued at $819,000 after purchasing an additional 150 shares in the last quarter. Finally, Atlas Wealth Partners LLC purchased a new position in shares of Royal Gold in the third quarter valued at $1,180,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares of the company's stock, valued at $2,415,648.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Paul Libner sold 1,500 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the sale, the chief financial officer now directly owns 18,657 shares of the company's stock, valued at $2,659,182.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the transaction, the senior vice president now owns 16,842 shares of the company's stock, valued at $2,415,648.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,355 shares of company stock worth $1,170,315 in the last ninety days. 0.52% of the stock is owned by corporate insiders.

Royal Gold Price Performance

RGLD traded down $2.51 on Wednesday, reaching $151.10. 219,177 shares of the company's stock were exchanged, compared to its average volume of 366,094. The stock's fifty day moving average price is $142.57 and its 200-day moving average price is $133.61. The stock has a market cap of $9.93 billion, a PE ratio of 41.93, a P/E/G ratio of 1.24 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business had revenue of $174.10 million during the quarter, compared to analysts' expectations of $172.12 million. During the same period last year, the business earned $0.88 earnings per share. The business's revenue for the quarter was up 20.9% on a year-over-year basis. As a group, research analysts predict that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on RGLD. StockNews.com upgraded Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Raymond James raised their target price on shares of Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a research note on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Scotiabank raised their price objective 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 target price on shares of Royal Gold from $168.00 to $170.00 and gave the stock an "outperform" 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 given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $158.86.

About Royal Gold

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.