Captrust Financial Advisors Acquires 2,566 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Captrust Financial Advisors raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 175.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,026 shares of the basic materials company’s stock after acquiring an additional 2,566 shares during the period. Captrust Financial Advisors’ holdings in Royal Gold were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of Royal Gold by 34.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock valued at $104,507,000 after buying an additional 212,316 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after buying an additional 156,048 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Royal Gold by 38.4% in the 2nd quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after buying an additional 134,120 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Royal Gold in the 2nd quarter valued at $15,559,000. Finally, International Assets Investment Management LLC increased its position in shares of Royal Gold by 13,968.8% in the 3rd quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock valued at $11,883,000 after buying an additional 84,092 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $153.82 on Thursday. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 35.28, a PEG ratio of 1.06 and a beta of 0.89. The business has a 50-day moving average of $146.22 and a 200-day moving average of $138.13. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results 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 return on equity of 10.18% and a net margin of 42.93%. The business 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 earnings per share. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis. On average, sell-side analysts expect that Royal Gold, Inc. will post 5.14 EPS for the current year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is currently 41.28%.

Insider Activity

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares in the company, 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 document filed with the Securities & Exchange Commission, 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 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 $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. Over the last ninety days, insiders sold 3,373 shares of company stock worth $494,578. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RGLD shares. Scotiabank upped their price objective 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. TD Securities upped their price objective 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. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James lifted 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. Finally, Jefferies Financial Group lifted their price target on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Royal Gold has an average rating of “Hold” and a consensus target price of $165.43.

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.