Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Veracity Capital LLC

Veracity Capital LLC grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,585 shares of the basic materials company’s stock after buying an additional 76 shares during the period. Veracity Capital LLC’s holdings in Royal Gold were worth $209,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Royal Gold by 1.1% in the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after purchasing an additional 39,394 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Royal Gold by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after buying an additional 33,151 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Royal Gold by 38.4% during the second quarter. AQR Capital Management LLC now owns 483,493 shares of the basic materials company’s stock worth $60,514,000 after buying an additional 134,120 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Royal Gold by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock worth $67,223,000 after buying an additional 1,641 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Royal Gold by 0.8% in the third quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock valued at $27,264,000 after acquiring an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 0.5 %

Shares of Royal Gold stock opened at $139.44 on Friday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 0.84 and a beta of 0.90. The business’s 50 day simple moving average is $140.57 and its 200-day simple moving average is $140.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. Sell-side analysts predict that Royal Gold, Inc. will post 5.16 earnings per share for the current year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 3rd. Royal Gold’s payout ratio is presently 41.28%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price objective for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. TD Securities upped their price objective on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.86.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel Breeze sold 549 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares of the company’s stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

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.