Verition Fund Management LLC Buys 5,480 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Verition Fund Management LLC boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 213.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,051 shares of the basic materials company's stock after purchasing an additional 5,480 shares during the period. Verition Fund Management LLC's holdings in Royal Gold were worth $1,130,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in Royal Gold in the third quarter valued at about $38,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $49,000. Larson Financial Group LLC increased its position in 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 in the last quarter. Blue Trust Inc. lifted its stake in Royal Gold by 108.7% in the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 213 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The stock was 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 in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Royal Gold Trading Down 1.2 %

RGLD stock traded down $1.82 during midday trading on Friday, hitting $144.26. The stock had a trading volume of 268,975 shares, compared to its average volume of 423,351. The firm has a market cap of $9.49 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 1.08 and a beta of 0.89. The business has a fifty day moving average price of $145.69 and a two-hundred day moving average price of $137.69. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm's revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. On average, equities analysts anticipate 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. This is a boost from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, January 3rd. Royal Gold's dividend payout ratio (DPR) is currently 36.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RGLD shares. Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Jefferies Financial Group boosted their price target on Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a report on Friday, October 4th. TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Scotiabank boosted their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Finally, StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. One 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $165.43.

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.