Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,637,739 shares of the basic materials company's stock after acquiring an additional 39,394 shares during the period. Van ECK Associates Corp owned approximately 5.53% of Royal Gold worth $553,810,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Royal Gold in the first quarter worth approximately $36,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Royal Gold in the third quarter worth approximately $49,000. Blue Trust Inc. boosted its position in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after acquiring an additional 213 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Royal Gold in the second quarter worth approximately $62,000. Finally, 1832 Asset Management L.P. purchased a new position in Royal Gold in the second quarter valued at approximately $65,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on RGLD shares. BMO Capital Markets raised their price target on shares of Royal Gold from $168.00 to $170.00 and gave the company an "outperform" rating in a report on Wednesday, July 10th. Raymond James raised their price target on shares of Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a report on Friday, August 9th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. Scotiabank raised their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Finally, Jefferies Financial Group raised their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $159.50.

Royal Gold Stock Down 0.4 %

Shares of RGLD traded down $0.61 during mid-day trading on Friday, reaching $145.45. 285,999 shares of the stock traded hands, compared to its average volume of 286,892. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 39.85, a P/E/G ratio of 1.20 and a beta of 0.90. The stock has a fifty day simple moving average of $143.00 and a 200 day simple moving average of $134.08. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. The company had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal 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 was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. Royal Gold's dividend payout ratio (DPR) is presently 43.84%.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. 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 accessible through this link. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of Royal Gold stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the transaction, the director now owns 8,194 shares of the company's stock, valued at $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction on Friday, September 13th. The stock was 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 directly owns 16,842 shares of the company's stock, valued at approximately $2,415,648.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,355 shares of company stock worth $1,170,315. Insiders own 0.52% of the company's stock.

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.