Creative Planning Boosts Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Creative Planning boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,190 shares of the basic materials company’s stock after buying an additional 155 shares during the quarter. Creative Planning’s holdings in Royal Gold were worth $1,025,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Royal Gold by 274.8% during the 4th quarter. Quarry LP now owns 757 shares of the basic materials company’s stock worth $92,000 after buying an additional 555 shares during the last quarter. Fortis Group Advisors LLC lifted its position 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 last quarter. Wellington Management Group LLP lifted its holdings in Royal Gold by 2.1% in the fourth quarter. Wellington Management Group LLP now owns 46,349 shares of the basic materials company’s stock worth $5,606,000 after acquiring an additional 967 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Royal Gold by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,643,568 shares of the basic materials company’s stock worth $803,606,000 after acquiring an additional 22,921 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new position in Royal Gold in the first quarter worth about $521,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity

In other news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the transaction, the chief financial officer now owns 18,657 shares of the company’s stock, valued at approximately $2,659,182.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the sale, the chief financial officer now directly owns 18,657 shares in the company, valued at $2,659,182.21. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,355 shares of company stock valued at $1,170,315. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Raymond James lifted 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. Scotiabank lifted their price target 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. Bank of America lifted their price target on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. Finally, CIBC raised their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average price target of $158.86.

Royal Gold Trading Up 1.8 %

RGLD stock opened at $140.04 on Friday. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.65. The company has a fifty day simple moving average of $138.16 and a 200 day simple moving average of $130.84. The firm has a market cap of $9.21 billion, a PE ratio of 41.31, a PEG ratio of 1.18 and a beta of 0.90.

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

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s dividend payout ratio is 47.20%.

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.