2,358 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,358 shares of the basic materials company’s stock, valued at approximately $331,000.

A number of other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its position in shares of Royal Gold by 1,800.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock valued at $2,306,000 after purchasing an additional 18,344 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Royal Gold by 357.7% during the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company’s stock valued at $6,473,000 after buying an additional 40,419 shares during the last quarter. BDF Gestion purchased a new stake in Royal Gold during the second quarter valued at approximately $1,831,000. Sei Investments Co. raised its position in Royal Gold by 75.8% in the second quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company’s stock worth $8,174,000 after acquiring an additional 28,163 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Royal Gold during the 3rd quarter worth $1,201,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

RGLD stock opened at $148.37 on Wednesday. The company’s fifty day moving average price is $145.61 and its 200-day moving average price is $137.47. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The company has a market capitalization of $9.76 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 1.08 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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 business had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. On average, research analysts predict that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared 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 1.21%. The ex-dividend date is Friday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio (DPR) is currently 36.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. TD Securities raised their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Raymond James raised their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $165.43.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction that occurred on 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 directly owns 16,842 shares in the company, valued at $2,415,648.06. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William M. Hayes sold 1,984 shares of Royal Gold stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

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.