Los Angeles Capital Management LLC Purchases 1,080 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Los Angeles Capital Management LLC lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 57.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,961 shares of the basic materials company’s stock after purchasing an additional 1,080 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Royal Gold were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RGLD. Compagnie Lombard Odier SCmA acquired a new position in shares of Royal Gold during the third quarter worth $49,000. Blue Trust Inc. boosted its position in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 213 shares during the last quarter. Mather Group LLC. bought a new stake in Royal Gold during the second quarter valued at $62,000. 1832 Asset Management L.P. bought a new stake in Royal Gold during the second quarter valued at $65,000. Finally, International Assets Investment Management LLC bought a new position in shares of Royal Gold during the 2nd quarter worth about $75,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Randy Shefman sold 4,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 in the company, valued at approximately $1,042,503.30. This represents a 38.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,339 shares of company stock valued at $1,329,902. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

RGLD has been the topic of a number of analyst reports. Raymond James upped their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Scotiabank raised their price target on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. One research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $165.43.

Royal Gold Stock Up 0.3 %

Shares of NASDAQ:RGLD opened at $140.24 on Monday. The stock has a market cap of $9.22 billion, a PE ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90. The company’s fifty day moving average is $144.03 and its 200 day moving average is $135.72. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. Sell-side analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Announces Dividend

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