State of Alaska Department of Revenue Acquires 515 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

State of Alaska Department of Revenue lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,641 shares of the basic materials company’s stock after purchasing an additional 515 shares during the quarter. State of Alaska Department of Revenue’s holdings in Royal Gold were worth $1,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new position in shares of Royal Gold in the 1st quarter valued at approximately $36,000. Compagnie Lombard Odier SCmA acquired a new position in Royal Gold during the third quarter valued at approximately $49,000. Blue Trust Inc. lifted its stake in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 213 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $62,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Royal Gold in the 2nd quarter valued at $65,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Down 0.1 %

Shares of Royal Gold stock opened at $145.37 on Tuesday. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 1.20 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The company’s fifty day moving average is $143.00 and its 200 day moving average is $134.15.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The company had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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

Insider Buying and Selling

In other Royal Gold news, Director Ronald J. Vance sold 1,000 shares of the company’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 sale, the director now owns 9,109 shares of the company’s stock, valued at approximately $1,203,845.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald J. Vance sold 1,000 shares of the 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 owns 9,109 shares in the company, valued at $1,203,845.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock valued at $1,170,315 over the last quarter. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RGLD. Raymond James raised their price objective on Royal Gold from $167.00 to $170.00 and gave the company an “outperformer” rating in a research note on Friday, August 9th. Scotiabank lifted their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. CIBC increased their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Cibc World Mkts upgraded shares of Royal Gold to a “hold” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their price target on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.