MQS Management LLC Acquires New Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

MQS Management LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,500 shares of the basic materials company’s stock, valued at approximately $491,000.

Several other large investors also recently made changes to their positions in RGLD. Vanguard Group Inc. increased its position in Royal Gold by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock valued at $811,861,000 after acquiring an additional 21,407 shares during the period. Van ECK Associates Corp raised its stake in shares of Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after purchasing an additional 39,394 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Royal Gold by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after purchasing an additional 20,508 shares during the period. Bank of New York Mellon Corp grew its position in 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. Finally, Dimensional Fund Advisors LP raised its position in shares of Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after buying an additional 156,048 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Trading Down 1.2 %

NASDAQ RGLD opened at $139.69 on Thursday. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The company has a market cap of $9.19 billion, a PE ratio of 32.04, a PEG ratio of 1.13 and a beta of 0.90. The stock’s 50-day moving average price is $143.86 and its two-hundred day moving average price is $135.36.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The firm’s quarterly revenue was up 39.8% on a year-over-year basis. 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 $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RGLD. Jefferies Financial Group increased their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Raymond James upped their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday. TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. One equities research 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’s stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Hold” and an average price target of $165.43.

Insider Activity

In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Royal Gold news, Director Ronald J. Vance sold 415 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares of the company’s stock, valued at $1,042,503.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,339 shares of company stock worth $1,329,902. 0.52% of the stock is owned by corporate insiders.

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.