Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,346 shares of the basic materials company's stock after acquiring an additional 6,428 shares during the quarter. Stifel Financial Corp owned 0.08% of Royal Gold worth $7,064,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in RGLD. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold in the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold during the third quarter worth $38,000. Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold in the third quarter valued at $49,000. Larson Financial Group LLC increased its position in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after buying an additional 123 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after buying an additional 213 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Trading Down 2.2 %

RGLD traded down $3.33 during midday trading on Friday, hitting $146.93. The company's stock had a trading volume of 434,272 shares, compared to its average volume of 372,965. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.10. The firm has a 50-day moving average price of $146.59 and a two-hundred day moving average price of $138.40. The firm has a market cap of $9.66 billion, a P/E ratio of 33.70, a PEG ratio of 1.13 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results 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 firm had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold's revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts expect that Royal Gold, Inc. will post 5.14 EPS for the current year.

Royal Gold Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. This is a boost from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's dividend payout ratio (DPR) is presently 41.28%.

Insider Buying and Selling at Royal Gold

In other news, Director William M. Hayes sold 1,984 shares of the business's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Securities increased their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Scotiabank increased their target price on Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Finally, Raymond James boosted their price target on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of "Hold" and a consensus price target of $165.43.

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.