Nykredit A S Takes $668,000 Position in Royal Gold, Inc. $RGLD

Nykredit A S purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,349 shares of the basic materials company’s stock, valued at approximately $668,000.

A number of other institutional investors have also recently bought and sold shares of RGLD. Plancorp LLC boosted its stake in Royal Gold by 69.8% in the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after purchasing an additional 5,646 shares during the period. World Investment Advisors purchased a new position in Royal Gold during the 4th quarter worth approximately $1,024,000. TD Asset Management Inc grew its position in Royal Gold by 161.2% during the 4th quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company’s stock worth $9,744,000 after purchasing an additional 27,051 shares in the last quarter. Vestcor Inc raised its stake in Royal Gold by 62.5% during the 4th quarter. Vestcor Inc now owns 32,177 shares of the basic materials company’s stock valued at $7,153,000 after purchasing an additional 12,381 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in Royal Gold during the 2nd quarter valued at $1,083,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the sale, the senior vice president owned 8,082 shares of the company’s stock, valued at approximately $2,123,949.60. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RGLD has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Scotiabank reissued a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada reduced their price objective on Royal Gold from $310.00 to $305.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Zacks Research lowered 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $285.10.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD opened at $262.11 on Tuesday. The firm has a fifty day moving average of $221.55 and a two-hundred day moving average of $235.52. 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 12-month low of $168.88 and a 12-month high of $306.25. The firm has a market capitalization of $22.21 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $468.98 million during the quarter, compared to analyst estimates of $458.85 million. During the same period last year, the company earned $1.81 earnings per share. Royal Gold’s quarterly revenue was up 114.9% compared to the same quarter last year. On average, equities analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is 20.74%.

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.