Claro Advisors LLC Invests $229,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Claro Advisors LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,630 shares of the basic materials company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. Price T Rowe Associates Inc. MD raised its holdings in Royal Gold by 224.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after purchasing an additional 422,026 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after buying an additional 212,316 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after buying an additional 156,048 shares during the period. AQR Capital Management LLC boosted its stake in shares of Royal Gold by 38.4% in the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock valued at $60,514,000 after buying an additional 134,120 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Royal Gold in the second quarter valued at approximately $15,559,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Stock Up 1.1 %

Shares of Royal Gold stock opened at $147.89 on Wednesday. The firm has a market cap of $9.72 billion, a PE ratio of 33.92, a P/E/G ratio of 1.12 and a beta of 0.90. The business’s fifty day moving average is $144.50 and its two-hundred day moving average is $136.07. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. Royal Gold’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. Equities research analysts anticipate that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.45 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the sale, the senior vice president now owns 7,430 shares in the company, valued at $1,042,503.30. This trade represents a 38.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,924 shares of company stock worth $1,271,449 over the last ninety days. 0.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on RGLD. Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Scotiabank upped their target price on shares of Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Jefferies Financial Group increased their target price on shares of Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and an average target price 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.