Nomura Asset Management Co. Ltd. Purchases 110 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Nomura Asset Management Co. Ltd. increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 61.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 290 shares of the basic materials company’s stock after purchasing an additional 110 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Royal Gold were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RGLD. EP Wealth Advisors LLC acquired a new stake in Royal Gold during the third quarter worth $268,000. Stansberry Asset Management LLC lifted its holdings in shares of Royal Gold by 17.2% during the 3rd quarter. Stansberry Asset Management LLC now owns 2,986 shares of the basic materials company’s stock worth $419,000 after acquiring an additional 439 shares during the period. Stifel Financial Corp boosted its position in shares of Royal Gold by 14.6% during the 3rd quarter. Stifel Financial Corp now owns 50,346 shares of the basic materials company’s stock valued at $7,064,000 after acquiring an additional 6,428 shares in the last quarter. Quantinno Capital Management LP increased its stake in Royal Gold by 5.1% in the third quarter. Quantinno Capital Management LP now owns 16,936 shares of the basic materials company’s stock valued at $2,376,000 after acquiring an additional 816 shares during the period. Finally, Centiva Capital LP raised its position in Royal Gold by 39.9% in the third quarter. Centiva Capital LP now owns 7,086 shares of the basic materials company’s stock worth $994,000 after purchasing an additional 2,020 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now directly owns 9,268 shares of the company’s stock, valued at $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent research reports. Raymond James lifted their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Jefferies Financial Group boosted their price target on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Scotiabank upped their price target 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. StockNews.com raised Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, TD Securities upped their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $165.43.

Royal Gold Stock Down 2.2 %

Shares of NASDAQ RGLD opened at $146.93 on Monday. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10. The firm’s 50-day simple moving average is $146.59 and its 200 day simple moving average is $138.47. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.08 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 39.8% on a year-over-year basis. On average, equities analysts expect that Royal Gold, Inc. will post 5.14 earnings per share 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 36.70%.

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.