Fmr LLC Has $25.07 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Fmr LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 35.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,719 shares of the basic materials company’s stock after purchasing an additional 46,615 shares during the period. Fmr LLC’s holdings in Royal Gold were worth $25,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of Royal Gold by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock valued at $748,000 after buying an additional 122 shares during the period. Larson Financial Group LLC raised its holdings in Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 123 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Royal Gold by 2.5% in the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock worth $712,000 after acquiring an additional 141 shares during the period. UMB Bank n.a. grew its holdings in shares of Royal Gold by 15.4% during the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 153 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Royal Gold by 6.3% during the second quarter. QRG Capital Management Inc. now owns 2,591 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 154 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following 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 trade represents a 4.75 % 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.

Analyst Ratings Changes

RGLD has been the subject of several research reports. Jefferies Financial Group raised their target price on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. 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. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Raymond James raised their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Scotiabank upped their price objective on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

Shares of RGLD stock opened at $148.41 on Tuesday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The stock has a market capitalization of $9.76 billion, a PE ratio of 34.04, a PEG ratio of 1.06 and a beta of 0.89. The stock’s fifty day moving average is $145.85 and its 200-day moving average is $137.88.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued 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 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 analyst estimates of $184.12 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue was up 39.8% on a year-over-year basis. As a group, analysts forecast that Royal Gold, Inc. will post 5.14 earnings per share 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 represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio (DPR) is currently 41.28%.

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.