1,630 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Acquired by Claro Advisors LLC

Claro Advisors LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, HoldingsChannel.com reports. The firm acquired 1,630 shares of the basic materials company’s stock, valued at approximately $229,000.

Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Royal Gold by 4.3% during the first quarter. Sei Investments Co. now owns 37,130 shares of the basic materials company’s stock valued at $4,524,000 after acquiring an additional 1,527 shares during the period. Vanguard Group Inc. grew 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 worth $811,861,000 after purchasing an additional 21,407 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Royal Gold by 85.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,568 shares of the basic materials company’s stock valued at $435,000 after purchasing an additional 1,641 shares during the period. National Bank of Canada FI increased its stake in shares of Royal Gold by 6.6% in the first quarter. National Bank of Canada FI now owns 150,013 shares of the basic materials company’s stock valued at $19,088,000 after purchasing an additional 9,329 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Royal Gold by 36.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after buying an additional 14,675 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of analyst reports. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Raymond James upped their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group boosted their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, TD Securities upped their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

Shares of RGLD opened at $147.89 on Wednesday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market capitalization of $9.72 billion, a PE ratio of 33.92, a PEG ratio of 1.12 and a beta of 0.90. The company’s 50 day moving average price is $144.50 and its 200 day moving average price is $136.07.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s quarterly revenue was up 39.8% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, equities analysts forecast that Royal Gold, Inc. will post 5.13 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is presently 36.70%.

Insider Buying and Selling

In other news, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the business’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 directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,924 shares of company stock worth $1,271,449. Corporate insiders own 0.52% of the company’s stock.

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.