Victory Capital Management Inc. Boosts Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Victory Capital Management Inc. raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,326 shares of the basic materials company’s stock after purchasing an additional 1,636 shares during the quarter. Victory Capital Management Inc. owned 0.30% of Royal Gold worth $27,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its stake in shares of Royal Gold by 1,800.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after buying an additional 18,344 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Royal Gold by 36.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after acquiring an additional 14,675 shares during the period. Tidal Investments LLC boosted its position in shares of Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company’s stock worth $1,294,000 after purchasing an additional 6,616 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Gold by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company’s stock worth $811,861,000 after purchasing an additional 21,407 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Royal Gold by 357.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after purchasing an additional 40,419 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In related news, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total value of $213,795.00. Following the completion of the transaction, the chief financial officer now directly owns 18,657 shares in the company, valued at approximately $2,659,182.21. This represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,339 shares of company stock valued at $1,329,902. Company insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Royal Gold stock opened at $140.24 on Monday. 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 $9.22 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.12 and a beta of 0.90. The stock has a fifty day moving average of $144.03 and a two-hundred day moving average of $135.72.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data 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 firm had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. On average, analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is presently 36.70%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Securities boosted their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report 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 raised their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Scotiabank upped their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Company 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.