Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 146.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,303 shares of the basic materials company's stock after acquiring an additional 7,905 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Royal Gold were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Royal Gold by 0.3% in 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 period. First Eagle Investment Management LLC grew its position in Royal Gold by 0.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company's stock worth $448,694,000 after purchasing an additional 20,508 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Royal Gold by 34.1% during the 2nd 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 buying an additional 212,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 4,600 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the transaction, the senior vice president now directly owns 7,430 shares in the company, valued at $1,042,503.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Daniel Breeze sold 840 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $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 accessible through this link. Also, SVP Randy Shefman sold 4,600 shares of the business's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,355 shares of company stock worth $1,170,315. Insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RGLD. Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a research report on Monday, August 19th. Jefferies Financial Group increased their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a report on Friday, October 4th. BMO Capital Markets lifted their price objective 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 increased their target price on shares of Royal Gold from $167.00 to $170.00 and gave the stock an "outperformer" rating in a research note on Friday, August 9th. Finally, CIBC lifted their price target on Royal Gold from $166.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Royal Gold has an average rating of "Hold" and an average target price of $159.50.

Royal Gold Trading Down 0.1 %

NASDAQ:RGLD traded down $0.08 during trading hours on Monday, hitting $145.37. 245,265 shares of the stock were exchanged, compared to its average volume of 365,275. The company has a market cap of $9.56 billion, a P/E ratio of 39.85, a P/E/G ratio of 1.20 and a beta of 0.90. The firm's fifty day moving average price is $143.00 and its 200 day moving average price is $134.15. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data 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 return on equity of 8.74% and a net margin of 39.15%. The company had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. During the same quarter last year, the firm posted $0.88 EPS. The firm's revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts expect that Royal Gold, Inc. will post 4.99 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.10%. Royal Gold's dividend payout ratio is presently 43.84%.

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.