Sylvest Advisors LLC Makes New $303,000 Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Sylvest Advisors LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,295 shares of the basic materials company's stock, valued at approximately $303,000.

Other institutional investors have also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in shares of Royal Gold in the second quarter worth about $1,021,000. Creative Planning increased its holdings in shares of Royal Gold by 1.9% in the 2nd quarter. Creative Planning now owns 8,190 shares of the basic materials company's stock valued at $1,025,000 after acquiring an additional 155 shares during the period. NewEdge Advisors LLC raised its position in shares of Royal Gold by 13,938.5% in the 2nd quarter. NewEdge Advisors LLC now owns 15,302 shares of the basic materials company's stock valued at $1,915,000 after purchasing an additional 15,193 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Royal Gold by 975.3% in the 3rd quarter. SG Americas Securities LLC now owns 21,000 shares of the basic materials company's stock valued at $2,946,000 after acquiring an additional 19,047 shares during the period. Finally, Handelsbanken Fonder AB raised its position in Royal Gold by 7.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 18,102 shares of the basic materials company's stock worth $2,540,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Ratings Changes

RGLD has been the topic of a number of analyst reports. Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Royal Gold has a consensus rating of "Hold" and a consensus price target of $168.86.

Royal Gold Stock Performance

RGLD traded up $2.18 during mid-day trading on Wednesday, reaching $144.18. The stock had a trading volume of 354,786 shares, compared to its average volume of 399,683. The firm's fifty day simple moving average is $139.52 and its two-hundred day simple moving average is $140.66. The stock has a market capitalization of $9.48 billion, a P/E ratio of 33.09, a P/E/G ratio of 0.84 and a beta of 0.90. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $184.12 million. During the same quarter last year, the company posted $0.76 earnings per share. The company's revenue for the quarter was up 39.8% compared to the same quarter last year. As a group, analysts expect that Royal Gold, Inc. will post 5.16 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.45 per share. This is a boost from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.25%. Royal Gold's dividend payout ratio is currently 41.28%.

Insider Activity at Royal Gold

In related news, Director William M. Hayes sold 1,984 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This represents a 17.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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.