Charles Schwab Investment Management Inc. Buys 1,641 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Charles Schwab Investment Management Inc. boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 479,140 shares of the basic materials company’s stock after purchasing an additional 1,641 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Royal Gold were worth $67,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Van ECK Associates Corp lifted its holdings in shares of Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock worth $553,810,000 after buying an additional 39,394 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Royal Gold by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 3,584,967 shares of the basic materials company’s stock worth $448,694,000 after purchasing an additional 20,508 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Royal Gold by 34.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock valued at $104,507,000 after purchasing an additional 212,316 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Royal Gold by 24.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after purchasing an additional 156,048 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Royal Gold by 38.4% during the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock worth $60,514,000 after buying an additional 134,120 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of recent analyst reports. Scotiabank upped their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James boosted their target price on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

Shares of RGLD opened at $145.67 on Friday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.16 and a beta of 0.90. The stock has a fifty day moving average of $145.34 and a 200-day moving average of $136.93.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s quarterly revenue was up 39.8% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, equities analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio is 41.28%.

Insider Activity

In related news, Director William M. Hayes sold 1,984 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares in the company, valued at $2,415,648.06. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.