Royal Gold, Inc. $RGLD Stock Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,681 shares of the basic materials company’s stock after purchasing an additional 30,664 shares during the quarter. ProShare Advisors LLC owned about 0.16% of Royal Gold worth $32,493,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of Nova Scotia boosted its position in 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. State of Alaska Department of Revenue grew 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 purchasing an additional 44 shares in the last quarter. Hilltop Holdings Inc. increased its holdings 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 purchasing an additional 46 shares during the period. Compound Planning Inc. increased its holdings 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 purchasing an additional 47 shares during the period. Finally, Strs Ohio boosted its stake in shares of Royal Gold by 0.6% in the 1st quarter. Strs Ohio now owns 8,611 shares of the basic materials company’s stock valued at $2,191,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the transaction, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $228.77 on Monday. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a 52 week low of $168.88 and a 52 week high of $306.25. The firm’s 50 day moving average is $246.08 and its two-hundred day moving average is $241.51. The firm has a market capitalization of $19.38 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.66 and a beta of 0.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. The business had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue was up 114.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. Research analysts forecast that Royal Gold, Inc. will post 10.66 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were given 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 payout ratio is 20.74%.

Analyst Upgrades and Downgrades

Several research analysts have commented on RGLD shares. UBS Group boosted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Jefferies Financial Group lowered their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. TD lowered their target price on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $336.00 target price on shares of Royal Gold in a report on Tuesday, October 20th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.56.

Royal Gold Company Profile

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.