Janney Montgomery Scott LLC Grows Position in Royal Gold, Inc. (NASDAQ:RGLD)

Janney Montgomery Scott LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 5,330 shares of the basic materials company’s stock after buying an additional 122 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Royal Gold were worth $748,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RGLD. Sei Investments Co. increased its stake in shares of Royal Gold by 4.3% during the first quarter. Sei Investments Co. now owns 37,130 shares of the basic materials company’s stock worth $4,524,000 after buying an additional 1,527 shares during the period. QRG Capital Management Inc. increased its stake in shares of Royal Gold by 8.4% during the first quarter. QRG Capital Management Inc. now owns 2,437 shares of the basic materials company’s stock worth $297,000 after buying an additional 188 shares during the period. Vanguard Group Inc. increased its stake in shares of Royal Gold by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after buying an additional 21,407 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of Royal Gold by 4.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 11,574 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 494 shares during the period. Finally, Covestor Ltd increased its stake in Royal Gold by 74.4% in the first quarter. Covestor Ltd now owns 1,334 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 569 shares during the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Trading Up 0.3 %

Shares of RGLD opened at $140.24 on Monday. The firm has a market cap of $9.22 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. The company’s 50 day simple moving average is $144.03 and its 200-day simple moving average is $135.72. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The business had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. As a group, equities research analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

Insider Buying and Selling

In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares of the company’s stock, valued at $1,154,124.90. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel Breeze sold 840 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value 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 represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,339 shares of company stock valued at $1,329,902 over the last three months. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on RGLD shares. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group increased their price target on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Raymond James increased their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. TD Securities increased their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Scotiabank increased their price target on shares of 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 analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $165.43.

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.