Scientech Research LLC Purchases Shares of 5,013 Royal Gold, Inc. (NASDAQ:RGLD)

Scientech Research LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,013 shares of the basic materials company’s stock, valued at approximately $627,000.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its holdings in Royal Gold by 224.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after purchasing an additional 422,026 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Royal Gold by 6.8% during the first quarter. Van ECK Associates Corp now owns 4,595,734 shares of the basic materials company’s stock valued at $559,807,000 after buying an additional 292,357 shares during the last quarter. Norges Bank purchased a new position in shares of Royal Gold in the fourth quarter worth $33,696,000. Bank of New York Mellon Corp boosted its position in shares of Royal Gold by 34.1% during the second quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after acquiring an additional 212,316 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in Royal Gold during the first quarter valued at $20,675,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity

In related news, SVP Daniel Breeze sold 840 shares of the firm’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 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Gold news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $142.53, for a total value of $213,795.00. Following the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the firm’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 transaction, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on RGLD. CIBC increased their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Scotiabank increased their price target 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. BMO Capital Markets raised their price target on Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Raymond James upped their price objective on Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a report on Friday, August 9th. Finally, Bank of America boosted their price target on shares of Royal Gold from $129.00 to $131.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.00.

Royal Gold Stock Down 2.6 %

Shares of RGLD opened at $141.80 on Friday. The business has a fifty day moving average of $137.69 and a 200 day moving average of $129.07. The company has a market cap of $9.32 billion, a PE ratio of 41.83, a P/E/G ratio of 1.15 and a beta of 0.90. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $147.65.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $174.10 million during the quarter, compared to analyst estimates of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. As a group, research analysts anticipate that Royal Gold, Inc. will post 4.83 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Royal Gold’s dividend payout ratio is 47.20%.

About Royal Gold

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.