3,970 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 3,970 shares of the basic materials company’s stock, valued at approximately $591,000.

A number of other institutional investors also recently added to or reduced their stakes in RGLD. Van ECK Associates Corp raised its holdings in shares of Royal Gold by 1.1% in the 3rd 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 in the last quarter. First Eagle Investment Management LLC raised its stake in Royal Gold by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after acquiring an additional 20,508 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after acquiring an additional 33,151 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Royal Gold by 34.1% in 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 purchasing an additional 212,316 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after purchasing an additional 156,048 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the company’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 of the company’s stock, valued at approximately $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. Insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $133.32 on Wednesday. The stock has a market capitalization of $8.77 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 1.08 and a beta of 0.89. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The stock has a fifty day moving average of $146.14 and a 200-day moving average of $138.93.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data 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. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. During the same period last year, the company earned $0.76 earnings per share. The company’s revenue was up 39.8% on a year-over-year basis. Equities research analysts forecast that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently disclosed 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. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, January 3rd. Royal Gold’s dividend payout ratio is currently 41.28%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James boosted their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. TD Securities increased their price target on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $165.43.

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.