Verdence Capital Advisors LLC Invests $216,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Verdence Capital Advisors LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,541 shares of the basic materials company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in Royal Gold in the 3rd quarter worth approximately $49,000. Blue Trust Inc. raised its holdings in Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after buying an additional 213 shares during the last quarter. Mather Group LLC. purchased a new stake in Royal Gold during the 2nd quarter valued at $62,000. 1832 Asset Management L.P. bought a new stake in Royal Gold in the 2nd quarter worth $65,000. Finally, International Assets Investment Management LLC bought a new position in shares of Royal Gold during the second quarter valued at about $75,000. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In related news, Director Ronald J. Vance sold 415 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total transaction of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares in the company, valued at approximately $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Ronald J. Vance sold 415 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the transaction, the director now owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,355 shares of company stock valued at $1,038,155 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of several recent analyst reports. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Raymond James boosted their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group raised their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Price Performance

Shares of RGLD stock opened at $141.32 on Wednesday. The firm has a fifty day moving average price of $143.81 and a 200-day moving average price of $135.33. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 1.24 and a beta of 0.90. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10.

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, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The firm’s revenue was up 39.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. Equities research analysts expect that Royal Gold, Inc. will post 5.07 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Royal Gold’s payout ratio is presently 36.70%.

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.