Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,814 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 11.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,314 shares of the basic materials company’s stock after acquiring an additional 1,814 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fidelis Capital Partners LLC acquired a new stake in Royal Gold during the 1st quarter worth $36,000. Janiczek Wealth Management LLC boosted its position in shares of Royal Gold by 321.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the last quarter. Fortis Group Advisors LLC grew its stake in shares of Royal Gold by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 223 shares during the period. Quadrant Capital Group LLC increased its holdings in Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 116 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Royal Gold in the second quarter valued at about $62,000. 83.65% of the stock is owned by institutional investors.

Insider Transactions at Royal Gold

In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the transaction, the director now owns 8,194 shares in the company, valued at $1,154,124.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the sale, the chief financial officer now owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald J. Vance sold 415 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The disclosure for this sale can be found here. Insiders have sold a total of 7,515 shares of company stock valued at $1,049,834 over the last 90 days. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RGLD shares. Bank of America boosted their target price on Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. BMO Capital Markets upped their target price on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Scotiabank increased 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. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. Finally, StockNews.com cut shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Royal Gold has a consensus rating of “Hold” and an average target price of $157.00.

Royal Gold Stock Down 0.8 %

Shares of RGLD stock opened at $140.17 on Friday. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $142.77. The firm has a fifty day moving average of $134.14 and a 200-day moving average of $124.68. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 1.10 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $174.10 million during the quarter, compared to analysts’ expectations of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, equities analysts expect that Royal Gold, Inc. will post 4.7 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

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.