Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 16,680 shares of the basic materials company’s stock after buying an additional 798 shares during the period. Thrivent Financial for Lutherans’ holdings in Royal Gold were worth $2,340,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Royal Gold in the 3rd quarter valued at $49,000. Blue Trust Inc. raised its holdings in shares of Royal Gold by 108.7% in the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 213 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $62,000. 1832 Asset Management L.P. acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $65,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Royal Gold in the 2nd quarter valued at $75,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. Scotiabank increased 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 report on Monday, August 19th. 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 report on Thursday, November 7th. Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Jefferies Financial Group increased their target price 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. Finally, StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and a consensus target price of $165.43.

Royal Gold Stock Down 0.4 %

Shares of NASDAQ RGLD opened at $145.67 on Thursday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a 50-day moving average price of $145.21 and a 200 day moving average price of $136.87. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $0.76 earnings per share. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. Equities research analysts expect that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.24%. Royal Gold’s dividend payout ratio is currently 36.70%.

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.