3,347 Royal Gold, Inc. $RGLD Shares Sold by Plancorp LLC

Plancorp LLC trimmed its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 25.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,973 shares of the basic materials company’s stock after selling 3,347 shares during the period. Plancorp LLC’s holdings in Royal Gold were worth $2,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Investment Management LLC acquired a new position in Royal Gold in the 1st quarter valued at $25,000. Scarborough Advisors LLC acquired a new position in Royal Gold during the 1st quarter worth $32,000. Eastern Bank boosted its holdings in Royal Gold by 622.2% during the third quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 112 shares during the period. Grove Bank & Trust boosted its holdings in Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Finally, Lodestone Wealth Management LLC boosted its holdings in Royal Gold by 50.5% during the third quarter. Lodestone Wealth Management LLC now owns 149 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 50 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the transaction, the senior vice president directly owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Royal Gold Price Performance

NASDAQ:RGLD traded up $4.53 during mid-day trading on Friday, reaching $265.81. 1,029,057 shares of the company were exchanged, compared to its average volume of 592,052. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The stock has a market cap of $22.52 billion, a PE ratio of 26.80, a PEG ratio of 1.71 and a beta of 0.46. The company has a fifty day moving average of $244.37 and a 200 day moving average of $241.16. Royal Gold, Inc. has a 12 month low of $170.89 and a 12 month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.77 by $0.03. The company had revenue of $464.77 million during the quarter, compared to analysts’ expectations of $459.84 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue for the quarter was up 84.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. On average, research analysts anticipate that Royal Gold, Inc. will post 10.65 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is currently 19.15%.

Key Headlines Impacting Royal Gold

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Royal Gold reported third-quarter EPS of $2.80, above the $2.77 consensus, and revenue of $464.77 million, topping expectations and rising 84.4% year over year. Royal Gold Q3 earnings results
• Positive Sentiment: The company announced record cash flow and full repayment of its debt, strengthening its balance sheet and financial flexibility. Royal Gold reports record cash flow and repays debt
• Neutral Sentiment: Royal Gold outlined a roughly $43 million buyback of a Kinross Great Bear royalty interest, increasing its net smelter return royalty to 1.5%; it said its $1.4 billion revolving credit facility remains available. Royal Gold outlines Great Bear royalty transaction
• Negative Sentiment: Bank of America Securities maintained its sell rating, signaling continued analyst skepticism despite the strong quarter. Bank of America Securities keeps sell rating

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Royal Bank Of Canada lifted their price objective on Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. TD lowered their target price on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Raymond James Financial set a $337.00 target price on Royal Gold in a report on Friday. Finally, Canadian Imperial Bank of Commerce set a $305.00 target price on Royal Gold in a research report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $309.67.

Royal Gold Company Profile

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.