19,270 Shares in Royal Gold, Inc. $RGLD Acquired by Howard Capital Management LLC

Howard Capital Management LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the third quarter, Holdings Channel.com reports. The fund purchased 19,270 shares of the basic materials company’s stock, valued at approximately $4,548,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Nova Scotia lifted its stake in Royal Gold by 2.9% during the 1st quarter. Bank of Nova Scotia now owns 1,526 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 43 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Royal Gold by 1.5% in the 1st quarter. Apollon Wealth Management LLC now owns 2,905 shares of the basic materials company’s stock worth $739,000 after acquiring an additional 44 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Royal Gold by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,734 shares of the basic materials company’s stock worth $2,532,000 after acquiring an additional 44 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Royal Gold by 0.6% in the 1st quarter. Hilltop Holdings Inc. now owns 7,432 shares of the basic materials company’s stock worth $1,891,000 after acquiring an additional 46 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Royal Gold by 3.3% in the first quarter. Compound Planning Inc. now owns 1,493 shares of the basic materials company’s stock valued at $380,000 after purchasing an additional 47 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RGLD shares. Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Royal Bank Of Canada boosted their price target on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Weiss Ratings raised shares of Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. TD upped their target price on Royal Gold from $289.00 to $315.00 and gave the company a “buy” rating in a report on Friday, September 18th. Finally, UBS Group upped their target price on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Royal Gold has an average rating of “Moderate Buy” and an average target price of $295.80.

Insider Activity at Royal Gold

In related 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 value of $131,400.00. Following the completion of the transaction, the senior vice president directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Royal Gold Stock Performance

Royal Gold stock traded up $5.05 during midday trading on Friday, reaching $238.05. The stock had a trading volume of 648,483 shares, compared to its average volume of 650,771. The firm has a market capitalization of $20.17 billion, a PE ratio of 25.99, a P/E/G ratio of 1.75 and a beta of 0.45. Royal Gold, Inc. has a 12 month low of $168.88 and a 12 month high of $306.25. 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 firm’s 50-day moving average price is $246.61 and its 200 day moving average price is $231.31.

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

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a dividend of $0.4750 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, October 2nd. Royal Gold’s dividend payout ratio is presently 20.74%.

About Royal Gold

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.