Swedbank AB Invests $11.25 Million in Royal Gold, Inc. (NASDAQ:RGLD)

Swedbank AB bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,157 shares of the basic materials company's stock, valued at approximately $11,246,000. Swedbank AB owned approximately 0.12% of Royal Gold as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in Royal Gold in the 3rd quarter worth about $38,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Royal Gold during the third quarter valued at approximately $49,000. Blue Trust Inc. lifted its holdings in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock worth $57,000 after acquiring an additional 213 shares during the period. Mather Group LLC. bought a new position in Royal Gold in the 2nd quarter valued at $62,000. Finally, Quest Partners LLC purchased a new stake in shares of Royal Gold during the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insider Activity at Royal Gold

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the company's stock in a transaction 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 transaction, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This represents 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 the SEC website. Also, CFO Paul Libner sold 1,500 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now owns 18,657 shares in the company, valued at $2,659,182.21. This represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,324 shares of company stock worth $626,023 in the last ninety days. 0.52% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RGLD has been the subject of a number of recent research reports. Jefferies Financial Group raised their target price 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 upped their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. TD Securities lifted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Raymond James raised their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. One investment 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $165.43.

Royal Gold Price Performance

NASDAQ RGLD traded down $0.31 during trading hours on Wednesday, reaching $146.00. 111,190 shares of the stock traded hands, compared to its average volume of 372,249. The stock has a 50 day simple moving average of $145.21 and a two-hundred day simple moving average of $136.87. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90.

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 for the quarter, topping analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the previous year, the company posted $0.76 EPS. Royal Gold's quarterly revenue was up 39.8% compared to the same quarter last year. On average, sell-side analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently announced 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's payout ratio is 36.70%.

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.