Crossmark Global Holdings Inc. Boosts Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Crossmark Global Holdings Inc. lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,682 shares of the basic materials company’s stock after acquiring an additional 946 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Royal Gold were worth $937,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of RGLD. Vanguard Group Inc. increased its holdings in Royal Gold by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after purchasing an additional 21,407 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after buying an additional 39,394 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Royal Gold by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock valued at $448,694,000 after acquiring an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 worth $100,991,000 after acquiring an additional 156,048 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related news, CFO Paul Libner sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $142.53, for a total transaction of $213,795.00. Following the transaction, the chief financial officer now owns 18,657 shares in the company, valued at $2,659,182.21. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the sale, the director now directly owns 8,194 shares in the company, valued at approximately $1,154,124.90. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,339 shares of company stock valued at $1,329,902 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Royal Gold stock opened at $139.80 on Friday. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The company has a 50-day simple moving average of $143.91 and a 200-day simple moving average of $135.39. The firm has a market capitalization of $9.19 billion, a P/E ratio of 32.06, a P/E/G ratio of 1.13 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 5.13 earnings per share for the current year.

Royal Gold Dividend Announcement

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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is currently 36.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RGLD. Scotiabank upped 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. 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. TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $165.43.

About Royal Gold

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.