Dynamic Technology Lab Private Ltd Takes $1.20 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Dynamic Technology Lab Private Ltd acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, Holdings Channel reports. The firm acquired 8,559 shares of the basic materials company’s stock, valued at approximately $1,201,000.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold in the third quarter worth $38,000. Compagnie Lombard Odier SCmA acquired a new position in Royal Gold during the 3rd quarter worth $49,000. Larson Financial Group LLC increased its holdings in Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 123 shares during the period. Blue Trust Inc. raised its position in Royal Gold by 108.7% in the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 213 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Royal Gold in the 3rd quarter valued at about $62,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Shares of RGLD stock opened at $146.31 on Wednesday. The stock’s 50-day moving average is $145.08 and its two-hundred day moving average is $136.73. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 1.19 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released 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. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same quarter last year, the business posted $0.76 EPS. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. As a group, research analysts predict that Royal Gold, Inc. will post 5.13 EPS for the current year.

Royal Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.45 dividend. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.23%. Royal Gold’s dividend payout ratio is 36.70%.

Insider Buying and Selling

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel Breeze sold 840 shares of Royal Gold 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 in the company, valued at $2,415,648.06. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,324 shares of company stock worth $626,023 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James lifted their price objective on shares of 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 increased their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Scotiabank lifted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $165.43.

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.