Barlow Wealth Partners Inc. Buys 1,709 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Barlow Wealth Partners Inc. boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 104,703 shares of the basic materials company’s stock after purchasing an additional 1,709 shares during the period. Royal Gold accounts for 1.9% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 24th largest holding. Barlow Wealth Partners Inc.’s holdings in Royal Gold were worth $14,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Royal Gold by 14.9% in the third quarter. GAMMA Investing LLC now owns 2,216 shares of the basic materials company’s stock valued at $311,000 after buying an additional 287 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Royal Gold by 7.7% in the third quarter. Handelsbanken Fonder AB now owns 18,102 shares of the basic materials company’s stock valued at $2,540,000 after buying an additional 1,300 shares during the period. Private Client Services LLC bought a new stake in Royal Gold in the third quarter valued at approximately $1,718,000. SG Americas Securities LLC increased its stake in Royal Gold by 975.3% in the third quarter. SG Americas Securities LLC now owns 21,000 shares of the basic materials company’s stock valued at $2,946,000 after purchasing an additional 19,047 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Royal Gold by 13,938.5% in the second quarter. NewEdge Advisors LLC now owns 15,302 shares of the basic materials company’s stock valued at $1,915,000 after purchasing an additional 15,193 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at $1,203,845.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $132.16, for a total transaction of $132,160.00. Following the completion of the sale, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald J. Vance sold 415 shares of the business’s 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 sale, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,355 shares of company stock worth $1,170,315. Company insiders own 0.52% of the company’s stock.

Royal Gold Trading Down 0.7 %

NASDAQ:RGLD traded down $0.95 during mid-day trading on Wednesday, hitting $136.75. 12,915 shares of the company’s stock were exchanged, compared to its average volume of 370,716. The company has a 50 day simple moving average of $138.12 and a 200-day simple moving average of $130.73. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $147.65. The firm has a market capitalization of $8.99 billion, a P/E ratio of 40.62, a PEG ratio of 1.20 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. As a group, analysts expect that Royal Gold, Inc. will post 4.85 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given 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 1.17%. Royal Gold’s dividend payout ratio (DPR) is currently 47.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. Scotiabank raised 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 note on Monday, August 19th. Raymond James raised their price target on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research report on Friday, August 9th. Finally, CIBC raised their target price on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $158.86.

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.