8,725 Royal Gold, Inc. $RGLD Shares Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.3% in the third quarter, Holdings Channel reports. The firm owned 174,265 shares of the basic materials company’s stock after acquiring an additional 8,725 shares during the quarter. Royal Gold accounts for 2.8% of Euro Pacific Asset Management LLC’s holdings, making the stock its 11th biggest holding. Euro Pacific Asset Management LLC’s holdings in Royal Gold were worth $41,126,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RGLD. BlackRock Inc. bought a new position in shares of Royal Gold in the second quarter worth approximately $2,177,865,000. Bank of New York Mellon Corp purchased a new stake in shares of Royal Gold during the second quarter valued at approximately $150,762,000. Findlay Park Partners LLP purchased a new stake in shares of Royal Gold during the second quarter valued at approximately $111,392,000. Bank of America Corp DE bought a new stake in shares of Royal Gold during the second quarter valued at approximately $88,124,000. Finally, Deutsche Bank AG bought a new stake in shares of Royal Gold during the second quarter valued at approximately $69,325,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

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

Key Royal Gold News

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Royal Gold reported third-quarter EPS of $2.80, above the $2.77 consensus, and revenue of $464.77 million, topping expectations and rising 84.4% year over year. Royal Gold Q3 earnings results
• Positive Sentiment: The company announced record cash flow and full repayment of its debt, strengthening its balance sheet and financial flexibility. Royal Gold reports record cash flow and repays debt
• Neutral Sentiment: Royal Gold outlined a roughly $43 million buyback of a Kinross Great Bear royalty interest, increasing its net smelter return royalty to 1.5%; it said its $1.4 billion revolving credit facility remains available. Royal Gold outlines Great Bear royalty transaction
• Negative Sentiment: Bank of America Securities maintained its sell rating, signaling continued analyst skepticism despite the strong quarter. Bank of America Securities keeps sell rating

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Raymond James Financial set a $337.00 price objective on Royal Gold in a research report on Friday. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Scotiabank reissued a “sector perform” rating and issued a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Canadian Imperial Bank of Commerce set a $305.00 target price on Royal Gold in a report on Friday, October 16th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $309.67.

Royal Gold Stock Performance

RGLD opened at $265.81 on Monday. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $22.52 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.92 and a beta of 0.46. The company’s 50 day moving average is $244.37 and its 200 day moving average is $241.16. Royal Gold, Inc. has a 12-month low of $170.89 and a 12-month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.03. Royal Gold had a net margin of 47.69% and a return on equity of 11.67%. The company had revenue of $464.77 million during the quarter, compared to analyst estimates of $459.84 million. During the same period in the previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was up 84.4% compared to the same quarter last year. On average, equities research analysts predict that Royal Gold, Inc. will post 10.71 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a dividend of $0.4750 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, October 2nd. Royal Gold’s dividend payout ratio (DPR) is currently 19.15%.

About Royal Gold

Royal Gold, Inc is a precious metals company that finances mining operations through royalty and streaming agreements. Rather than operating mines itself, the company acquires interests that give it rights to payments or a share of future metal production from mines operated by other companies.

Under a streaming agreement, Royal Gold provides financing in exchange for the right to purchase a specified portion of a mine’s future production at an agreed price. Its royalties generally entitle it to payments tied to a mine’s production or revenue.