Valued Retirements Inc. Invests $403,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Valued Retirements Inc. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 2,871 shares of the basic materials company’s stock, valued at approximately $403,000.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in Royal Gold by 357.7% in the 2nd quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock worth $6,473,000 after buying an additional 40,419 shares during the period. Sei Investments Co. boosted its holdings in Royal Gold by 75.8% in the 2nd quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company’s stock worth $8,174,000 after buying an additional 28,163 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Royal Gold in the 3rd quarter worth $1,201,000. Bank of Montreal Can boosted its holdings in Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Royal Gold by 114.5% in the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock worth $4,527,000 after buying an additional 17,227 shares during the period. Institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotiabank increased their price objective on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. TD Securities increased their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective 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. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Raymond James increased their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Royal Gold presently has an average rating of “Hold” and an average target price of $165.43.

Insider Activity

In other news, 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 sale, the director now owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Daniel Breeze sold 840 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction 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. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $148.41 on Tuesday. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.06 and a beta of 0.89. The business has a 50 day simple moving average of $145.85 and a 200-day simple moving average of $137.88. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. Royal Gold’s revenue was up 39.8% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. As a group, analysts expect that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio is currently 41.28%.

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.