U S Global Investors Inc. Purchases 82,198 Shares of Royal Gold, Inc. $RGLD

U S Global Investors Inc. boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6,549.6% in the third quarter, Holdings Channel.com reports. The firm owned 83,453 shares of the basic materials company’s stock after purchasing an additional 82,198 shares during the period. Royal Gold comprises 1.9% of U S Global Investors Inc.’s holdings, making the stock its 11th largest holding. U S Global Investors Inc.’s holdings in Royal Gold were worth $19,695,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Royal Gold in the second quarter valued at about $2,177,865,000. Bank of New York Mellon Corp acquired a new stake in shares of Royal Gold during the 2nd quarter valued at about $150,762,000. Findlay Park Partners LLP acquired a new stake in shares of Royal Gold during the 2nd quarter valued at about $111,392,000. Bank of America Corp DE acquired a new stake in shares of Royal Gold during the 2nd quarter valued at about $88,124,000. Finally, Deutsche Bank AG bought a new stake in shares of Royal Gold in the 2nd quarter valued at approximately $69,325,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the subject of several recent research reports. Zacks Research raised Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price objective on shares of Royal Gold in a research report on Tuesday, July 14th. TD reduced their target price on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $305.00 target price on shares of Royal Gold in a research report on Friday, October 16th. Finally, Royal Bank Of Canada boosted their target price on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $309.56.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Down 3.0%

RGLD opened at $234.72 on Friday. The firm has a market cap of $19.89 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The business has a 50 day moving average price of $247.11 and a 200 day moving average price of $230.61. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The company had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. During the same quarter last year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 114.9% compared to the same quarter last year. Research analysts forecast that Royal Gold, Inc. will post 10.47 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a $0.4750 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, October 2nd. Royal Gold’s payout ratio is presently 20.74%.

About Royal Gold

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.