Victory Capital Management Inc. purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,722 shares of the basic materials company’s stock, valued at approximately $1,267,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Royal Gold by 49.0% in the 2nd quarter. American Century Companies Inc. now owns 142,521 shares of the basic materials company’s stock worth $11,141,000 after purchasing an additional 46,900 shares during the last quarter. Flinton Capital Management LLC raised its position in Royal Gold by 72.8% in the 2nd quarter. Flinton Capital Management LLC now owns 6,052 shares of the basic materials company’s stock worth $473,000 after buying an additional 2,550 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Royal Gold by 70.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,664 shares of the basic materials company’s stock worth $1,928,000 after buying an additional 10,222 shares during the last quarter. Principal Financial Group Inc. raised its position in Royal Gold by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 294,652 shares of the basic materials company’s stock worth $23,033,000 after buying an additional 11,795 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Royal Gold by 4.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 213,257 shares of the basic materials company’s stock worth $16,637,000 after buying an additional 8,883 shares during the last quarter. 69.63% of the stock is owned by hedge funds and other institutional investors.

Royal Gold, Inc. (NASDAQ:RGLD) opened at $87.24 on Thursday. The stock has a market capitalization of $5,689.29, a P/E ratio of 59.13, a P/E/G ratio of 4.93 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The company had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. research analysts predict that Royal Gold, Inc. will post 1.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. Royal Gold’s dividend payout ratio is 62.34%.

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In related news, VP Bruce Christopher Kirchhoff sold 6,190 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.76, for a total transaction of $561,804.40. Following the sale, the vice president now owns 48,673 shares in the company, valued at approximately $4,417,561.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $85.88, for a total value of $128,820.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,452 shares of company stock worth $3,274,984 over the last ninety days. Insiders own 1.12% of the company’s stock.

RGLD has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $113.00 target price on shares of Royal Gold in a research report on Sunday, October 1st. Royal Bank Of Canada set a $89.00 target price on Royal Gold and gave the stock a “buy” rating in a research report on Monday, October 23rd. BMO Capital Markets set a $105.00 target price on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.61.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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