Victory Capital Management Inc. Purchases Shares of 14,722 Royal Gold, Inc. (RGLD)
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%.
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.
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