Massachusetts Financial Services Co. MA Raises Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Massachusetts Financial Services Co. MA boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,114 shares of the basic materials company’s stock after purchasing an additional 471 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Royal Gold were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fidelis Capital Partners LLC bought a new position in shares of Royal Gold in the first quarter valued at approximately $36,000. Janiczek Wealth Management LLC boosted its holdings in Royal Gold by 321.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 325 shares during the period. Fortis Group Advisors LLC grew its position in shares of Royal Gold by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 446 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 223 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 116 shares during the period. Finally, Mather Group LLC. purchased a new stake in shares of Royal Gold in the second quarter worth $62,000. Hedge funds and other institutional investors 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 the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Paul Libner sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the sale, the chief financial officer now owns 18,657 shares of the company’s stock, valued at $2,659,182.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock valued at $1,170,315 in the last quarter. Company insiders own 0.52% of the company’s stock.

Royal Gold Stock Up 2.3 %

NASDAQ RGLD opened at $143.61 on Monday. The company has a 50-day simple moving average of $137.08 and a two-hundred day simple moving average of $128.17. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $145.59. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The company 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%. Royal Gold’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Equities analysts expect that Royal Gold, Inc. will post 4.7 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Royal Gold’s dividend payout ratio is currently 47.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RGLD shares. BMO Capital Markets upped their target price on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America raised their price objective on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a research report on Wednesday, June 26th. Finally, Scotiabank upped their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average target price of $157.00.

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.