US Bancorp DE Lowers Stake in Royal Gold, Inc. (NASDAQ:RGLD)

US Bancorp DE reduced its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,920 shares of the basic materials company’s stock after selling 254 shares during the quarter. US Bancorp DE’s holdings in Royal Gold were worth $410,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RGLD. First Trust Direct Indexing L.P. lifted its stake in Royal Gold by 6.2% in the third quarter. First Trust Direct Indexing L.P. now owns 4,643 shares of the basic materials company’s stock worth $651,000 after acquiring an additional 273 shares during the period. Pallas Capital Advisors LLC lifted its stake in Royal Gold by 117.4% in the third quarter. Pallas Capital Advisors LLC now owns 6,691 shares of the basic materials company’s stock worth $1,011,000 after acquiring an additional 3,613 shares during the period. State of Alaska Department of Revenue raised its holdings in Royal Gold by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 7,641 shares of the basic materials company’s stock worth $1,072,000 after purchasing an additional 515 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Royal Gold by 146.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,303 shares of the basic materials company’s stock worth $1,866,000 after purchasing an additional 7,905 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after purchasing an additional 84,092 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RGLD has been the subject of a number of recent research reports. TD Securities boosted their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday. Jefferies Financial Group boosted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Scotiabank boosted 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. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average target price of $165.43.

Royal Gold Trading Down 4.3 %

Shares of NASDAQ:RGLD opened at $143.53 on Tuesday. The business has a 50-day moving average price of $143.68 and a 200 day moving average price of $135.21. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.24 and a beta of 0.90. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same period last year, the business posted $0.76 EPS. Royal Gold’s revenue for the quarter was up 39.8% on a year-over-year basis. As a group, equities research analysts predict that Royal Gold, Inc. will post 5.07 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, October 4th. Royal Gold’s payout ratio is presently 36.70%.

Insider Activity

In other 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 completion of the transaction, the chief financial officer now owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Paul Libner sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the sale, the chief financial officer now owns 18,657 shares in the company, valued at $2,659,182.21. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,355 shares of company stock worth $1,038,155. 0.52% of the stock is currently owned by company insiders.

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.