BDF Gestion Increases Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

BDF Gestion boosted its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 47.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,629 shares of the basic materials company’s stock after purchasing an additional 7,000 shares during the period. BDF Gestion’s holdings in Royal Gold were worth $3,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new stake in Royal Gold in the 1st quarter valued at about $36,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold during the 3rd quarter worth approximately $49,000. Janiczek Wealth Management LLC raised its position in shares of Royal Gold by 321.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares during the last quarter. Mather Group LLC. purchased a new stake in Royal Gold in the 2nd quarter valued at approximately $62,000. Finally, 1832 Asset Management L.P. acquired a new stake in Royal Gold during the 2nd quarter valued at $65,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 2.0 %

NASDAQ:RGLD traded up $2.82 during mid-day trading on Tuesday, reaching $145.14. 145,046 shares of the stock were exchanged, compared to its average volume of 369,298. The business has a fifty day moving average price of $138.57 and a 200 day moving average price of $131.43. The firm has a market capitalization of $9.54 billion, a PE ratio of 41.98, a PEG ratio of 1.17 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $147.65.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The firm had revenue of $174.10 million for the quarter, compared to analyst estimates of $172.12 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts forecast that Royal Gold, Inc. will post 4.89 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, October 4th. Royal Gold’s dividend payout ratio is 47.20%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the sale, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the transaction, the senior vice president now owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Randy Shefman sold 4,600 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the sale, the senior vice president now directly owns 7,430 shares in the company, valued at approximately $1,042,503.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,355 shares of company stock worth $1,170,315 in the last quarter. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RGLD shares. Scotiabank upped their price objective on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Cibc World Mkts raised shares of Royal Gold to a “hold” rating in a research note on Wednesday, July 10th. BMO Capital Markets boosted their price objective on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. 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. Finally, Raymond James increased their price target on Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $158.86.

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.