Royal Gold, Inc. (NASDAQ:RGLD) Stock Position Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,158 shares of the basic materials company's stock after selling 3,964 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of Royal Gold worth $33,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in shares of Royal Gold in the 3rd quarter worth $38,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Royal Gold in the 3rd quarter valued at about $49,000. Larson Financial Group LLC grew 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 worth $51,000 after purchasing an additional 123 shares during the period. Blue Trust Inc. increased its position in 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 purchasing an additional 213 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Royal Gold in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Down 1.1 %

Shares of RGLD traded down $1.68 during midday trading on Thursday, hitting $146.08. The company had a trading volume of 240,186 shares, compared to its average volume of 371,591. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.09 and a beta of 0.89. The company's 50 day moving average price is $145.64 and its 200 day moving average price is $137.60. 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 data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million for the quarter, compared to analysts' expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold's revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities analysts anticipate that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, January 3rd. This is an increase from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's payout ratio is currently 41.28%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 840 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the transaction, the senior vice president now owns 16,842 shares of the company's stock, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the 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 directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by 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.