2,865 Royal Gold, Inc. $RGLD Shares Purchased by Uncommon Cents Investing Inc

Uncommon Cents Investing Inc grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 24.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,705 shares of the basic materials company’s stock after purchasing an additional 2,865 shares during the period. Uncommon Cents Investing Inc’s holdings in Royal Gold were worth $3,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia grew its holdings in shares of Royal Gold by 2.9% in the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after buying an additional 43 shares during the period. Apollon Wealth Management LLC raised its stake in Royal Gold by 1.5% during the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after buying an additional 44 shares during the period. State of Alaska Department of Revenue raised its stake in Royal Gold by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,734 shares of the basic materials company’s stock worth $2,532,000 after buying an additional 44 shares during the period. Hilltop Holdings Inc. raised its stake in Royal Gold by 0.6% during the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after buying an additional 46 shares during the period. Finally, Compound Planning Inc. raised its stake in Royal Gold by 3.3% during the 1st quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock worth $380,000 after buying an additional 47 shares during the period. 83.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RGLD shares. Canadian Imperial Bank of Commerce set a $305.00 target price on Royal Gold in a report on Friday. Royal Bank Of Canada increased their price target on Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. UBS Group raised their price target on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings raised Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $309.56.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares in the company, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 1.2%

Royal Gold stock opened at $238.78 on Wednesday. The stock has a market capitalization of $20.23 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.77 and a beta of 0.45. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $246.75 and a 200-day moving average of $230.95.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the business posted $1.81 earnings per share. The firm’s quarterly revenue was up 114.9% on a year-over-year basis. On average, equities research analysts anticipate that Royal Gold, Inc. will post 10.30 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s dividend payout ratio is presently 20.74%.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.