Capital Performance Advisors LLP Buys 694 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Capital Performance Advisors LLP grew its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 41.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,358 shares of the basic materials company’s stock after buying an additional 694 shares during the period. Capital Performance Advisors LLP’s holdings in Royal Gold were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RGLD. Compagnie Lombard Odier SCmA purchased a new stake in Royal Gold during the third quarter valued at about $49,000. Blue Trust Inc. raised its holdings in Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after buying an additional 213 shares during the last quarter. Mather Group LLC. purchased a new stake in Royal Gold during the 2nd quarter valued at $62,000. 1832 Asset Management L.P. purchased a new position in shares of Royal Gold in the second quarter valued at about $65,000. Finally, International Assets Investment Management LLC bought a new position in shares of Royal Gold during the second quarter valued at about $75,000. Institutional investors own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Royal Gold news, SVP Randy Shefman sold 4,600 shares of Royal Gold stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total value of $645,426.00. Following the completion of the sale, the senior vice president now owns 7,430 shares of the company’s stock, valued at approximately $1,042,503.30. The trade was 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, Director Ronald J. Vance sold 1,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the transaction, the director now owns 9,109 shares in the company, valued at approximately $1,203,845.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,355 shares of company stock valued at $1,170,315. 0.52% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

Shares of RGLD traded down $0.27 during mid-day trading on Friday, reaching $147.04. The company had a trading volume of 29,487 shares, compared to its average volume of 364,882. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 1.19 and a beta of 0.90. The firm has a 50-day moving average price of $143.42 and a 200 day moving average price of $134.66.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.28% and a net margin of 42.93%. Royal Gold’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, research analysts forecast that Royal Gold, Inc. will post 4.99 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $0.40 dividend. The ex-dividend date was Friday, October 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. Royal Gold’s payout ratio is currently 36.70%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of recent analyst reports. TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday. Raymond James raised their target price on shares of Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a research report on Friday, August 9th. Scotiabank boosted their price target on shares of 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 shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group lifted their price objective on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $163.14.

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.