Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 16.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,682 shares of the basic materials company’s stock after purchasing an additional 946 shares during the period. Crossmark Global Holdings Inc.’s holdings in Royal Gold were worth $937,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RGLD. Compagnie Lombard Odier SCmA acquired a new stake in Royal Gold in the 3rd quarter valued at about $49,000. Blue Trust Inc. increased its stake in shares of Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 213 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Royal Gold during the 2nd quarter worth approximately $62,000. 1832 Asset Management L.P. purchased a new stake in Royal Gold in the 2nd quarter valued at approximately $65,000. Finally, International Assets Investment Management LLC acquired a new stake in Royal Gold during the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD stock opened at $139.80 on Friday. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. Royal Gold, Inc. has a one year low of $100.55 and a one year high of $155.10. The company has a 50 day moving average price of $143.91 and a 200 day moving average price of $135.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping 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 business had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same period in the prior year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 39.8% on a year-over-year basis. As a group, equities analysts forecast that Royal Gold, Inc. will post 5.13 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, October 4th. Royal Gold’s dividend payout ratio is currently 36.70%.

Insider Transactions at Royal Gold

In other news, Director William M. Hayes sold 1,984 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was 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 $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald J. Vance sold 415 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company’s stock, valued at approximately $1,154,124.90. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,339 shares of company stock worth $1,329,902. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Scotiabank boosted their price target on Royal Gold from $148.00 to $157.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. TD Securities boosted their target price 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 raised their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Royal Gold from $141.00 to $154.00 and gave the company 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 research 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 given a buy rating to the stock. Based on data from MarketBeat, Royal Gold currently has a consensus rating of “Hold” and a consensus price target 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.