Stansberry Asset Management LLC Buys 439 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Stansberry Asset Management LLC raised its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 17.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,986 shares of the basic materials company’s stock after purchasing an additional 439 shares during the quarter. Stansberry Asset Management LLC’s holdings in Royal Gold were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Bank of New York Mellon Corp grew its stake in shares of Royal Gold by 34.1% during the second 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 period. Dimensional Fund Advisors LP grew its stake in shares of Royal Gold by 24.0% during the second quarter. Dimensional Fund Advisors LP now owns 806,872 shares of the basic materials company’s stock worth $100,991,000 after purchasing an additional 156,048 shares during the period. AQR Capital Management LLC grew its stake 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 purchasing an additional 134,120 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Royal Gold during the second quarter worth $15,559,000. Finally, International Assets Investment Management LLC grew its stake in shares of Royal Gold by 13,968.8% during the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after purchasing an additional 84,092 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Raymond James upped 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. Finally, TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $165.43.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $147.76 on Thursday. The business’s 50 day simple moving average is $145.63 and its 200 day simple moving average is $137.54. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The company has a market capitalization of $9.72 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.09 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating 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 company had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the prior year, the company earned $0.76 EPS. Royal Gold’s revenue was up 39.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

The business also recently announced 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 is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 36.70%.

Insider Buying and Selling

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the stock in a transaction dated Friday, September 13th. The stock was 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 approximately $2,415,648.06. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the completion of the sale, the director now owns 9,268 shares of the company’s stock, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

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.