30,664 Royal Gold, Inc. $RGLD Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 28.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,681 shares of the basic materials company’s stock after acquiring an additional 30,664 shares during the period. ProShare Advisors LLC’s holdings in Royal Gold were worth $32,493,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Aprio Wealth Management LLC purchased a new position in Royal Gold during the 3rd quarter worth $210,000. International Assets Investment Management LLC boosted its stake in shares of Royal Gold by 8,008.1% during the third quarter. International Assets Investment Management LLC now owns 75,000 shares of the basic materials company’s stock worth $17,700,000 after buying an additional 74,075 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Royal Gold by 27.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 7,290 shares of the basic materials company’s stock worth $1,720,000 after buying an additional 1,560 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in shares of Royal Gold during the third quarter worth about $203,000. Finally, Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Royal Gold by 397.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 164 shares of the basic materials company’s stock worth $39,000 after buying an additional 131 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of RGLD opened at $228.77 on Monday. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The stock’s 50 day moving average is $246.08 and its two-hundred day moving average is $241.51. The firm has a market capitalization of $19.38 billion, a PE ratio of 24.97, a P/E/G ratio of 1.66 and a beta of 0.46. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its 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 business had revenue of $468.98 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. Research analysts anticipate that Royal Gold, Inc. will post 10.66 earnings per share for the current year.

Royal Gold Dividend Announcement

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

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were 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 in the company, valued at $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. TD lowered their target price on Royal Gold from $315.00 to $311.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Canadian Imperial Bank of Commerce set a $305.00 target price on Royal Gold in a report on Friday, October 16th. Weiss Ratings upgraded Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group decreased their price target on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $309.56.

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.