River Road Asset Management LLC Sells 11,063 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

River Road Asset Management LLC decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 23.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,535 shares of the basic materials company's stock after selling 11,063 shares during the period. River Road Asset Management LLC owned 0.06% of Royal Gold worth $5,126,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in 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 valued at $811,861,000 after purchasing an additional 21,407 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Royal Gold by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company's stock valued at $553,810,000 after buying an additional 39,394 shares during the period. First Eagle Investment Management LLC increased its position in Royal Gold by 0.6% in the 2nd 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 buying an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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 worth $104,507,000 after buying an additional 212,316 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company's stock worth $100,991,000 after buying an additional 156,048 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

RGLD has been the subject of several recent research reports. Raymond James boosted their price objective on Royal Gold from $167.00 to $170.00 and gave the company an "outperformer" rating in a report on Friday, August 9th. BMO Capital Markets upped their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, July 10th. Scotiabank raised their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a research note on Monday, August 19th. Jefferies Financial Group boosted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, Cibc World Mkts raised shares of Royal Gold to a "hold" rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $159.50.

Insider Activity

In related news, Director Ronald J. Vance sold 1,000 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now directly owns 9,109 shares of the company's stock, valued at approximately $1,203,845.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the sale, the director now owns 9,109 shares of the company's stock, valued at approximately $1,203,845.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the 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 transaction, the senior vice president now directly owns 16,842 shares of the company's stock, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,355 shares of company stock valued at $1,170,315 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Royal Gold Stock Down 2.3 %

RGLD stock traded down $3.40 during trading on Wednesday, reaching $144.84. The stock had a trading volume of 517,360 shares, compared to its average volume of 365,389. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 1.20 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The company's 50 day moving average is $143.21 and its two-hundred day moving average is $134.50.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. Royal Gold's quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, research analysts predict that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. Royal Gold's dividend payout ratio (DPR) is presently 43.84%.

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.