Sanctuary Advisors LLC Invests $591,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Sanctuary Advisors LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,970 shares of the basic materials company's stock, valued at approximately $591,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $36,000. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold during the third quarter worth $38,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after buying an additional 110 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Royal Gold in the 3rd quarter valued at $49,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent research reports. TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 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 report on Friday, October 4th. Finally, Raymond James raised their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Royal Gold presently has an average rating of "Hold" and a consensus price target of $165.43.

Royal Gold Trading Up 0.2 %

RGLD stock traded up $0.28 during midday trading on Wednesday, hitting $133.32. The stock had a trading volume of 124,364 shares, compared to its average volume of 376,572. The firm has a market cap of $8.77 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.08 and a beta of 0.89. The business has a fifty day moving average price of $146.14 and a two-hundred day moving average price of $138.93. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10.

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

Royal Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's payout ratio is currently 41.28%.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was 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 owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 549 shares of the company's 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 in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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.