Veracity Capital LLC Raises Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Veracity Capital LLC lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,585 shares of the basic materials company’s stock after buying an additional 76 shares during the quarter. Veracity Capital LLC’s holdings in Royal Gold were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RGLD. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold during the 3rd quarter valued at approximately $36,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold during the third quarter worth $38,000. Nomura Asset Management Co. Ltd. grew its holdings in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 110 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold in the third quarter valued at $49,000. Finally, Larson Financial Group LLC increased its position in shares of Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on RGLD. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James increased their price target 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. Finally, TD Securities lifted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average target price of $168.86.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Royal Gold Stock Performance

Shares of RGLD opened at $139.44 on Friday. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10. The company has a market capitalization of $9.17 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. The stock has a fifty day moving average of $140.57 and a two-hundred day moving average of $140.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released 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. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. Royal Gold’s payout ratio is presently 41.28%.

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.