USA Financial Formulas Invests $302,000 in Royal Gold, Inc. (NASDAQ:RGLD)

USA Financial Formulas acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,294 shares of the basic materials company's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGLD. Nomura Asset Management Co. Ltd. grew its position in shares of Royal Gold by 61.1% during the 3rd 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 during the period. Janney Montgomery Scott LLC boosted its stake in Royal Gold by 2.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company's stock worth $748,000 after acquiring an additional 122 shares during the last quarter. Larson Financial Group LLC grew its holdings in Royal Gold by 51.7% during the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 123 shares during the period. Private Advisor Group LLC increased its stake in Royal Gold by 2.6% in the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company's stock valued at $819,000 after purchasing an additional 150 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Royal Gold by 15.4% in the third quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company's stock worth $161,000 after purchasing an additional 153 shares during the period. Institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RGLD. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Finally, TD Securities raised 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Royal Gold has a consensus rating of "Hold" and a consensus target price of $168.86.

Insider Buying and Selling

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the business'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 sale, the director now directly owns 9,268 shares of the company's stock, valued at $1,362,859.40. The trade was a 17.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 16,293 shares of the company's stock, 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 currently owned by corporate insiders.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded up $0.31 during mid-day trading on Friday, reaching $138.61. The company had a trading volume of 166,573 shares, compared to its average volume of 384,252. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 0.79 and a beta of 0.90. The business's 50-day simple moving average is $140.97 and its 200 day simple moving average is $140.02. Royal Gold, Inc. has a one year low of $100.55 and a one 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. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business had revenue of $193.84 million for the quarter, compared to analysts' expectations of $184.12 million. During the same period last year, the firm posted $0.76 earnings per share. The firm's quarterly revenue was up 39.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This is an increase from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. Royal Gold's dividend payout ratio (DPR) is 41.28%.

Royal Gold 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.