Wealth Enhancement Advisory Services LLC Acquires 7,905 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Wealth Enhancement Advisory Services LLC grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 146.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,303 shares of the basic materials company’s stock after purchasing an additional 7,905 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Royal Gold were worth $1,866,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Private Advisor Group LLC boosted its stake in shares of Royal Gold by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after buying an additional 141 shares during the last quarter. UMB Bank n.a. grew its stake in Royal Gold by 15.4% in the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 153 shares during the period. QRG Capital Management Inc. increased its position in shares of Royal Gold by 6.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 154 shares during the last quarter. Creative Planning raised its stake in shares of Royal Gold by 1.9% during the 2nd quarter. Creative Planning now owns 8,190 shares of the basic materials company’s stock worth $1,025,000 after purchasing an additional 155 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Royal Gold by 1.8% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 9,756 shares of the basic materials company’s stock worth $1,221,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ronald J. Vance sold 1,000 shares of Royal Gold stock in a transaction dated Monday, August 12th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald J. Vance sold 1,000 shares of the 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 transaction, the director now directly owns 9,109 shares in the company, valued at approximately $1,203,845.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,355 shares of company stock worth $1,170,315 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Royal Gold Stock Down 0.4 %

Shares of RGLD opened at $145.45 on Monday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The stock has a market cap of $9.56 billion, a PE ratio of 39.85, a P/E/G ratio of 1.20 and a beta of 0.90. The business’s 50-day moving average price is $143.00 and its 200-day moving average price is $134.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (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 analysts’ expectations of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. Analysts expect that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold’s payout ratio is 43.84%.

Analyst Ratings Changes

Several brokerages have commented on RGLD. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets increased their price objective on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Raymond James boosted their target price on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. Jefferies Financial Group increased their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, Cibc World Mkts upgraded Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and a consensus price target of $159.50.

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.