USA Financial Formulas Invests $302,000 in Royal Gold, Inc. (NASDAQ:RGLD)

USA Financial Formulas purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,294 shares of the basic materials company’s stock, valued at approximately $302,000.

A number of other institutional investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of Royal Gold during the 4th quarter worth $105,000. BCS Wealth Management bought a new stake in Royal Gold during the 4th quarter worth $2,722,000. Wealth Enhancement Advisory Services LLC grew its position in Royal Gold by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,461 shares of the basic materials company’s stock worth $1,889,000 after acquiring an additional 158 shares during the last quarter. Birch Capital Management LLC grew its position in Royal Gold by 29.9% during the 4th quarter. Birch Capital Management LLC now owns 1,038 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 239 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in Royal Gold during the 4th quarter worth $264,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The sale 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 stock in a transaction on 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 directly owns 9,268 shares of the company’s stock, 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RGLD shares. Raymond James boosted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. TD Securities boosted 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. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.86.

Royal Gold Stock Up 1.1 %

Shares of Royal Gold stock opened at $138.30 on Friday. The company has a market cap of $9.09 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The business has a 50 day moving average price of $140.97 and a 200-day moving average price of $140.02.

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 (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold’s quarterly revenue was up 39.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, research analysts anticipate that Royal Gold, Inc. will post 5.16 EPS for the current year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.30%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio is 41.28%.

About Royal Gold

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.