Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 74.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 315 shares of the basic materials company’s stock after selling 935 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Royal Gold were worth $44,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in shares of Royal Gold by 85.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,568 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 1,641 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Royal Gold by 36.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock worth $6,746,000 after purchasing an additional 14,675 shares during the last quarter. Shell Asset Management Co. purchased a new position in Royal Gold during the first quarter worth about $200,000. Quadrature Capital Ltd boosted its holdings in Royal Gold by 45.7% in the 1st quarter. Quadrature Capital Ltd now owns 10,339 shares of the basic materials company’s stock valued at $1,261,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $74,276,000 after buying an additional 422,026 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

NASDAQ RGLD opened at $148.99 on Friday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 1.19 and a beta of 0.90. The firm has a 50 day simple moving average of $145.01 and a 200-day simple moving average of $136.42. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly 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 net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter last year, the company posted $0.76 EPS. The firm’s revenue was up 39.8% compared to the same quarter last year. Equities analysts predict that Royal Gold, Inc. will post 5.13 EPS 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. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This is an increase 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 annualized dividend and a yield of 1.21%. Royal Gold’s dividend payout ratio is 41.28%.

Insider Buying and Selling at Royal Gold

In other news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, 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 can be accessed through this link. Also, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction 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 owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,924 shares of company stock valued at $1,271,449 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RGLD. TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James upped their price target on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Scotiabank upped their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group lifted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.