BFI Infinity Ltd. Acquires New Stake in Royal Gold, Inc. (NASDAQ:RGLD)

BFI Infinity Ltd. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,358 shares of the basic materials company’s stock, valued at approximately $311,000.

A number of other institutional investors have also recently added to or reduced their stakes in RGLD. Nomura Asset Management Co. Ltd. raised its stake in shares of Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Royal Gold by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 5,330 shares of the basic materials company’s stock worth $748,000 after acquiring an additional 122 shares during the period. Larson Financial Group LLC raised its position in Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 123 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Royal Gold by 2.5% during the 2nd quarter. Private Advisor Group LLC now owns 5,690 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 141 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Royal Gold by 15.4% during the 3rd quarter. UMB Bank n.a. now owns 1,145 shares of the basic materials company’s stock valued at $161,000 after purchasing an additional 153 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.0 %

Shares of RGLD stock opened at $138.20 on Thursday. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 31.70, a P/E/G ratio of 0.79 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. The stock’s fifty day simple moving average is $141.15 and its 200-day simple moving average is $140.03.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 10.18% and a net margin of 42.93%. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. On average, sell-side analysts predict that Royal Gold, Inc. will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.45 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.30%. Royal Gold’s dividend payout ratio is presently 41.28%.

Insider Buying and Selling at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following 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. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on RGLD shares. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. TD Securities increased their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $168.86.

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.