Royal Gold, Inc. $RGLD Stock Position Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 171.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,878 shares of the basic materials company’s stock after purchasing an additional 4,340 shares during the period. Vontobel Holding Ltd.’s holdings in Royal Gold were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in RGLD. Axiom Investment Management LLC bought a new position in shares of Royal Gold in the first quarter worth $25,000. Scarborough Advisors LLC bought a new stake in shares of Royal Gold in the first quarter worth $32,000. Eastern Bank grew its position in shares of Royal Gold by 622.2% in the 3rd quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock valued at $31,000 after buying an additional 112 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Royal Gold by 88.6% in the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 62 shares during the period. Finally, Lodestone Wealth Management LLC lifted its stake in shares of Royal Gold by 50.5% in the third quarter. Lodestone Wealth Management LLC now owns 149 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 50 shares during the period. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Canadian Imperial Bank of Commerce set a $305.00 price target on shares of Royal Gold in a report on Friday. Jefferies Financial Group dropped their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Zacks Research upgraded shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, TD upped their price objective on shares of Royal Gold from $289.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.80.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction dated 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 directly owned 8,082 shares of the company’s stock, valued at $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 is available at the SEC website. 0.35% of the stock is owned by insiders.

Royal Gold Trading Down 0.9%

Shares of RGLD stock opened at $235.91 on Tuesday. The company has a market cap of $19.99 billion, a P/E ratio of 24.67, a PEG ratio of 1.78 and a beta of 0.45. The stock has a 50 day simple moving average of $246.64 and a two-hundred day simple moving average of $231.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold, Inc. has a fifty-two week low of $168.88 and a fifty-two week high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The company’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.81 EPS. Research analysts forecast that Royal Gold, Inc. will post 10.30 earnings per share for the current year.

Royal Gold Dividend Announcement

The business 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. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Royal Gold’s payout ratio is 20.74%.

Royal Gold 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.