Concurrent Investment Advisors LLC Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Concurrent Investment Advisors LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,744 shares of the basic materials company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Royal Gold by 224.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock valued at $74,276,000 after purchasing an additional 422,026 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock valued at $104,507,000 after acquiring an additional 212,316 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after acquiring an additional 156,048 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Royal Gold by 38.4% in the 2nd quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after acquiring an additional 134,120 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in shares of Royal Gold in the 2nd quarter worth $15,559,000. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the transaction, the director now owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the sale, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 7,355 shares of company stock worth $1,038,155. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of recent research reports. TD Securities raised their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James lifted their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank raised their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Finally, Jefferies Financial Group upped their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Royal Gold presently has an average rating of “Hold” and an average price target of $165.43.

Royal Gold Trading Down 4.3 %

NASDAQ:RGLD opened at $143.53 on Tuesday. The company has a market capitalization of $9.44 billion, a P/E 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. The firm has a fifty day simple moving average of $143.68 and a 200-day simple moving average of $135.21.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Equities analysts forecast that Royal Gold, Inc. will post 5.07 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a yield of 1.11%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

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.