Bank of Montreal Can boosted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 187.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,285 shares of the basic materials company's stock after acquiring an additional 83,015 shares during the quarter. Bank of Montreal Can owned 0.19% of Royal Gold worth $18,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of Royal Gold by 165.0% during the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company's stock worth $1,294,000 after purchasing an additional 6,616 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of 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 buying an additional 18,344 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Royal Gold by 4.4% during the second quarter. Confluence Investment Management LLC now owns 4,468 shares of the basic materials company's stock valued at $559,000 after buying an additional 187 shares during the period. GAMMA Investing LLC raised its holdings in shares of Royal Gold by 21.9% during the second quarter. GAMMA Investing LLC now owns 1,929 shares of the basic materials company's stock valued at $241,000 after acquiring an additional 347 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Royal Gold in the second quarter worth $62,000. 83.65% of the stock is currently owned by institutional investors.
In related news, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction on Friday, November 8th. The stock was 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 owns 9,268 shares of the company's stock, valued at $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel Breeze sold 840 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the sale, the senior vice president now 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 position. The disclosure for this sale can be found here. Company insiders own 0.52% of the company's stock.
Shares of NASDAQ:RGLD traded up $0.59 during trading on Friday, reaching $146.26. 163,300 shares of the stock traded hands, compared to its average volume of 433,019. The stock has a market cap of $9.62 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. The stock has a 50-day moving average of $145.49 and a two-hundred day moving average of $137.19. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $155.10.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same period last year, the business posted $0.76 EPS. The company's revenue was up 39.8% compared to the same quarter last year. Sell-side analysts expect that Royal Gold, Inc. will post 5.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. Royal Gold's payout ratio is 36.70%.
Several research analysts have recently issued reports on the company. Jefferies Financial Group increased 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. Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a report on Thursday, September 19th. TD Securities increased their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Scotiabank boosted their price objective 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. 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 stock presently has an average rating of "Hold" and a consensus target price of $165.43.
View Our Latest Stock Report on RGLD
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.
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