Vise Technologies Inc. Invests $2.87 Million in Royal Gold, Inc. $RGLD

Vise Technologies Inc. bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, Holdings Channel reports. The fund bought 14,397 shares of the basic materials company’s stock, valued at approximately $2,874,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Royal Gold during the second quarter worth $2,177,865,000. Capital World Investors lifted its holdings in Royal Gold by 7.5% during the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp grew its position in shares of Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after purchasing an additional 905,488 shares during the period. Finally, State Street Corp increased its stake in shares of Royal Gold by 11.9% during the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock worth $826,618,000 after purchasing an additional 396,778 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Price Performance

Royal Gold stock opened at $259.01 on Friday. The company has a fifty day simple moving average of $210.17 and a 200-day simple moving average of $236.60. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.90 and a beta of 0.44. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same period last year, the firm posted $1.81 earnings per share. On average, equities analysts anticipate that Royal Gold, Inc. will post 10.33 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a $0.475 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s dividend payout ratio is presently 20.74%.

Analysts Set New Price Targets

Several research analysts recently weighed in on RGLD shares. UBS Group upped their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Jefferies Financial Group cut their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Scotiabank reissued a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a report on Tuesday, July 14th. Finally, Zacks Research downgraded Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $285.10.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.