UMB Bank n.a. Has $161,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

UMB Bank n.a. boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 15.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,145 shares of the basic materials company’s stock after acquiring an additional 153 shares during the period. UMB Bank n.a.’s holdings in Royal Gold were worth $161,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Birch Capital Management LLC boosted its stake in Royal Gold by 16.5% during the 1st quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 113 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Royal Gold by 2.5% during the second quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after purchasing an additional 141 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Royal Gold by 6.3% in the 2nd quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock valued at $324,000 after buying an additional 154 shares during the period. Creative Planning increased its position in shares of Royal Gold by 1.9% in the 2nd quarter. Creative Planning now owns 8,190 shares of the basic materials company’s stock valued at $1,025,000 after buying an additional 155 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in Royal Gold by 1.8% during 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 period. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.4 %

Shares of RGLD stock opened at $142.04 on Monday. The firm’s fifty day moving average price is $138.31 and its two-hundred day moving average price is $131.29. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $147.65. The firm has a market capitalization of $9.34 billion, a P/E ratio of 38.92, a PEG ratio of 1.17 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released 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 analyst estimates of $172.12 million. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. Royal Gold’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, equities research analysts forecast that Royal Gold, Inc. will post 4.89 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, October 4th. Royal Gold’s payout ratio is presently 43.84%.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the company’s 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 sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the transaction, the senior vice president now owns 7,430 shares in the company, valued at approximately $1,042,503.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald J. Vance sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RGLD shares. 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. BMO Capital Markets lifted their price target on shares of Royal Gold from $168.00 to $170.00 and gave the company 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 report on Wednesday, July 10th. Scotiabank raised their price objective 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, Jefferies Financial Group increased their target price on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $158.86.

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.