Kingsview Wealth Management LLC Boosts Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Kingsview Wealth Management LLC lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,241 shares of the basic materials company’s stock after purchasing an additional 1,530 shares during the period. Kingsview Wealth Management LLC owned 0.10% of Royal Gold worth $8,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. Advisors Asset Management Inc. bought a new position in shares of Royal Gold in the 3rd quarter worth about $38,000. Compagnie Lombard Odier SCmA purchased a new position in Royal Gold during the 3rd quarter valued at about $49,000. Blue Trust Inc. lifted its position 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 acquiring an additional 213 shares during the period. Mather Group LLC. purchased a new position in Royal Gold during the 2nd quarter valued at about $62,000. Finally, Quest Partners LLC purchased a new position in Royal Gold during 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

RGLD stock opened at $148.99 on Friday. The company has a market capitalization of $9.80 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.19 and a beta of 0.90. The company’s fifty day moving average price is $144.89 and its 200-day moving average price is $136.24. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10.

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, beating the consensus estimate of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The business had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. On average, research analysts predict that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. The ex-dividend date is Friday, January 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.21%. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio is currently 36.70%.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,924 shares of company stock worth $1,271,449. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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