Sapient Capital LLC Purchases New Shares in Royal Gold, Inc. $RGLD

Sapient Capital LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,672 shares of the basic materials company’s stock, valued at approximately $11,251,000. Sapient Capital LLC owned approximately 0.06% of Royal Gold at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RGLD. Axiom Investment Management LLC purchased a new stake in Royal Gold in the 1st quarter worth $25,000. Scarborough Advisors LLC bought a new stake in Royal Gold during the 1st quarter valued at approximately $32,000. Eastern Bank lifted its holdings in Royal Gold by 622.2% in the 3rd quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 112 shares in the last quarter. Grove Bank & Trust boosted its stake in Royal Gold by 88.6% in the 2nd quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 62 shares during the period. Finally, Purpose Unlimited Inc. purchased a new stake in Royal Gold during the 4th quarter valued at approximately $33,000. Institutional investors own 83.65% of the company’s stock.

Analyst Ratings Changes

RGLD has been the topic of several research analyst reports. UBS Group boosted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank reaffirmed a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Jefferies Financial Group lowered 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. Finally, TD boosted their price target on shares of Royal Gold from $289.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $289.64.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on 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 owned 8,082 shares in the company, valued at $2,123,949.60. The trade was a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Trading Up 1.4%

Shares of Royal Gold stock traded up $3.29 during trading on Thursday, hitting $231.18. The stock had a trading volume of 450,958 shares, compared to its average volume of 850,975. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The firm’s fifty day simple moving average is $243.39 and its 200-day simple moving average is $231.06. The stock has a market cap of $19.59 billion, a PE ratio of 25.24, a PEG ratio of 1.76 and a beta of 0.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The firm’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS. As a group, sell-side analysts expect that Royal Gold, Inc. will post 10.26 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.4750 dividend. This represents a $1.90 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, October 2nd. Royal Gold’s dividend payout ratio is presently 20.74%.

Royal Gold Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.

Royal Gold’s portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.