Royal Gold, Inc. $RGLD Shares Newly Purchased by BFI Infinity Ltd.

BFI Infinity Ltd. purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,348 shares of the basic materials company’s stock, valued at approximately $554,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Royal Gold in the second quarter valued at about $1,144,000. Clear Harbor Asset Management LLC acquired a new position in Royal Gold in the second quarter worth about $1,083,000. L2 Asset Management LLC acquired a new position in Royal Gold in the second quarter worth about $1,147,000. Bank of America Corp DE acquired a new position in Royal Gold in the second quarter worth about $88,124,000. Finally, Allworth Financial LP lifted its stake in Royal Gold by 94.9% during the second quarter. Allworth Financial LP now owns 10,449 shares of the basic materials company’s stock worth $2,086,000 after purchasing an additional 5,088 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on RGLD. Jefferies Financial Group decreased their price objective on Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Scotiabank reiterated a “sector perform” rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Royal Bank Of Canada upped their price objective on Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. UBS Group increased their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $298.30.

Royal Gold Stock Up 3.6%

Shares of NASDAQ RGLD opened at $233.00 on Friday. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The business has a fifty day moving average of $246.45 and a two-hundred day moving average of $231.26. The stock has a market cap of $19.74 billion, a PE ratio of 25.44, a PEG ratio of 1.69 and a beta of 0.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter in the prior year, the firm earned $1.81 EPS. The firm’s quarterly revenue was up 114.9% compared to the same quarter last year. As a group, equities research analysts expect that Royal Gold, Inc. will post 10.30 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.4750 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.8%. Royal Gold’s payout ratio is 20.74%.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,123,949.60. This trade represents a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.

Royal Gold’s portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.