Kestra Private Wealth Services LLC Acquires 3,854 Shares of Royal Gold, Inc. $RGLD

Kestra Private Wealth Services LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,854 shares of the basic materials company’s stock, valued at approximately $910,000.

Other large investors have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in shares of Royal Gold in the first quarter valued at about $25,000. Grove Bank & Trust boosted its position in shares of Royal Gold by 88.6% during the second quarter. Grove Bank & Trust now owns 132 shares of the basic materials company’s stock worth $26,000 after buying an additional 62 shares during the period. Eastern Bank grew its holdings in shares of Royal Gold by 622.2% during the third quarter. Eastern Bank now owns 130 shares of the basic materials company’s stock worth $31,000 after buying an additional 112 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Royal Gold during the first quarter worth about $32,000. Finally, Core Capital Management & Research inc. bought a new position in shares of Royal Gold during the second quarter worth about $32,000. Institutional investors own 83.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RGLD shares. Raymond James Financial set a $337.00 target price on Royal Gold in a research report on Friday. Royal Bank Of Canada raised their price target on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. TD reduced their target price on shares of Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Finally, UBS Group lifted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $309.67.

Royal Gold Stock Performance

Shares of RGLD stock traded up $4.53 during trading on Friday, reaching $265.81. 1,029,057 shares of the company’s stock were exchanged, compared to its average volume of 592,052. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $22.52 billion, a PE ratio of 26.80, a PEG ratio of 1.71 and a beta of 0.46. Royal Gold, Inc. has a twelve month low of $170.89 and a twelve month high of $306.25. The firm’s fifty day moving average price is $244.37 and its 200-day moving average price is $241.16.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.03. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The business had revenue of $464.77 million during the quarter, compared to the consensus estimate of $459.84 million. During the same quarter last year, the firm posted $2.06 EPS. The company’s quarterly revenue was up 84.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 10.65 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were given a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. Royal Gold’s dividend payout ratio is presently 19.15%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the completion of the sale, the senior vice president owned 8,082 shares in the company, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Key Headlines Impacting Royal Gold

Here are the key news stories impacting Royal Gold this week:

• Positive Sentiment: Royal Gold reported third-quarter EPS of $2.80, above the $2.77 consensus, and revenue of $464.77 million, topping expectations and rising 84.4% year over year. Royal Gold Q3 earnings results
• Positive Sentiment: The company announced record cash flow and full repayment of its debt, strengthening its balance sheet and financial flexibility. Royal Gold reports record cash flow and repays debt
• Neutral Sentiment: Royal Gold outlined a roughly $43 million buyback of a Kinross Great Bear royalty interest, increasing its net smelter return royalty to 1.5%; it said its $1.4 billion revolving credit facility remains available. Royal Gold outlines Great Bear royalty transaction
• Negative Sentiment: Bank of America Securities maintained its sell rating, signaling continued analyst skepticism despite the strong quarter. Bank of America Securities keeps sell rating

Royal Gold Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. The company provides financing to mining companies in exchange for the right to purchase a portion of the gold, silver, copper, or other metals produced from their mines, typically at predetermined prices. It also holds royalty interests that entitle it to a percentage of revenue or production from mining operations without directly operating the mines.

Royal Gold’s business is focused on acquiring and managing a diversified portfolio of streaming and royalty interests.