Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 57.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,961 shares of the basic materials company’s stock after acquiring an additional 1,080 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Royal Gold were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in Royal Gold by 1,800.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock worth $2,306,000 after purchasing an additional 18,344 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Royal Gold by 36.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after acquiring an additional 14,675 shares in the last quarter. Tidal Investments LLC lifted its stake in Royal Gold by 165.0% during the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock valued at $1,294,000 after purchasing an additional 6,616 shares during the last quarter. Vanguard Group Inc. lifted its stake in Royal Gold by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock valued at $811,861,000 after purchasing an additional 21,407 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Royal Gold by 357.7% during the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after purchasing an additional 40,419 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity

In related news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $645,426.00. Following the transaction, the senior vice president now owns 7,430 shares of the company’s stock, valued at $1,042,503.30. The trade was a 38.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,339 shares of company stock worth $1,329,902 over the last ninety days. Insiders own 0.52% of the company’s stock.

Royal Gold Trading Up 0.3 %

RGLD opened at $140.24 on Monday. The stock has a market capitalization of $9.22 billion, a PE ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10. The firm has a 50-day moving average price of $144.03 and a two-hundred day moving average price of $135.72.

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 the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the previous year, the company earned $0.76 EPS. Royal Gold’s revenue was up 39.8% on a year-over-year basis. On average, research analysts predict that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s payout ratio is presently 36.70%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Securities increased their target price on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Scotiabank upped their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.