Dynamic Technology Lab Private Ltd Acquires Shares of 8,559 Royal Gold, Inc. (NASDAQ:RGLD)

Dynamic Technology Lab Private Ltd bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,559 shares of the basic materials company’s stock, valued at approximately $1,201,000.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in Royal Gold by 224.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 609,760 shares of the basic materials company’s stock worth $74,276,000 after acquiring an additional 422,026 shares during the period. Bank of New York Mellon Corp raised its position in shares of Royal Gold by 34.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 834,986 shares of the basic materials company’s stock worth $104,507,000 after purchasing an additional 212,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Royal Gold by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock valued at $100,991,000 after buying an additional 156,048 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Royal Gold by 38.4% in the 2nd 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 during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Royal Gold during the 2nd quarter worth approximately $15,559,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the sale, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Libner sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the transaction, the chief financial officer now owns 18,657 shares in the company, valued at approximately $2,659,182.21. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,324 shares of company stock worth $626,023. Company insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

NASDAQ:RGLD opened at $146.31 on Wednesday. The company’s 50-day moving average is $145.08 and its two-hundred day moving average is $136.73. The firm has a market capitalization 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, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 39.8% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Gold, Inc. will post 5.13 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RGLD shares. TD Securities raised their target price on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Raymond James lifted 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. Scotiabank increased their target price 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. Jefferies Financial Group boosted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.43.

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.