National Bank of Canada FI Sells 8,224 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

National Bank of Canada FI cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,507 shares of the basic materials company's stock after selling 8,224 shares during the quarter. National Bank of Canada FI owned about 0.19% of Royal Gold worth $17,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Royal Gold by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company's stock worth $553,810,000 after acquiring an additional 39,394 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Royal Gold by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company's stock valued at $448,694,000 after purchasing an additional 20,508 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Royal Gold by 34.1% in the second quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company's stock worth $104,507,000 after buying an additional 212,316 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 156,048 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of 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 acquiring an additional 134,120 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on RGLD. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research report on Thursday, September 19th. Jefferies Financial Group upped their price target on Royal Gold from $141.00 to $154.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Raymond James increased their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Scotiabank lifted their target price on Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a research note on Monday, August 19th. Finally, TD Securities increased their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $165.43.

Royal Gold Stock Down 0.1 %

RGLD stock traded down $0.19 during trading hours on Tuesday, hitting $148.22. The company's stock had a trading volume of 328,244 shares, compared to its average volume of 371,176. The stock has a 50 day moving average price of $145.85 and a two-hundred day moving average price of $137.88. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The company has a market capitalization of $9.75 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same period in the prior year, the business posted $0.76 earnings per share. The business's quarterly revenue was up 39.8% on a year-over-year basis. Sell-side analysts expect that Royal Gold, Inc. will post 5.14 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.45 dividend. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold's payout ratio is 41.28%.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares of the company's stock, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,373 shares of company stock worth $494,578. 0.52% of the stock is currently owned by insiders.

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.