Centiva Capital LP Grows Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Centiva Capital LP lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,086 shares of the basic materials company’s stock after acquiring an additional 2,020 shares during the quarter. Centiva Capital LP’s holdings in Royal Gold were worth $994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of RGLD. Point72 Hong Kong Ltd acquired a new position in Royal Gold in the 3rd quarter worth about $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $38,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold during the 3rd quarter valued at approximately $49,000. Larson Financial Group LLC grew its stake in Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 123 shares during the period. Finally, Blue Trust Inc. increased its holdings in Royal Gold by 108.7% in the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 213 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $146.08 on Friday. The business’s 50 day moving average price is $145.64 and its 200 day moving average price is $137.60. The company has a market cap of $9.61 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.09 and a beta of 0.89. 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 quarterly 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 firm had revenue of $193.84 million for the quarter, compared to analysts’ expectations of $184.12 million. During the same quarter in the previous year, the company posted $0.76 EPS. The company’s revenue was up 39.8% compared to the same quarter last year. On average, analysts predict that Royal Gold, Inc. will post 5.14 EPS for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. 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. Royal Gold’s dividend payout ratio (DPR) is currently 41.28%.

Insider Activity

In related 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. TD Securities raised their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Raymond James boosted their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Scotiabank raised their target price on Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group lifted their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. 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 company. According to data from MarketBeat, the stock has an average 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.