14,397 Shares in Royal Gold, Inc. $RGLD Purchased by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 14,397 shares of Royal Gold during the second quarter, valued at approximately $2.87 million. Institutional investors and hedge funds collectively own 83.65% of the company.
• Analyst sentiment is mixed: seven analysts rate the stock Buy, three Hold and two Sell, resulting in a consensus rating of Hold and an average price target of $285.10.
• Royal Gold reported quarterly revenue of $468.98 million, up 114.9% year over year, and EPS of $2.56, narrowly beating estimates. The company also declared a quarterly dividend of $0.475 per share, equivalent to a 0.7% yield.

Vise Technologies Inc. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,397 shares of the basic materials company's stock, valued at approximately $2,874,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Royal Gold during the 2nd quarter valued at approximately $2,177,865,000. Vanguard Group Inc. boosted its holdings in shares of Royal Gold by 25.0% in the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company's stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares during the last quarter. Capital International Investors acquired a new stake in shares of Royal Gold in the fourth quarter worth $332,026,000. Van ECK Associates Corp increased its stake in shares of Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company's stock worth $1,311,607,000 after acquiring an additional 905,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Royal Gold by 89.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company's stock worth $412,543,000 after purchasing an additional 874,329 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RGLD. UBS Group boosted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Weiss Ratings downgraded Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Scotiabank reiterated a "sector perform" rating and set a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Zacks Research cut Royal Gold from a "hold" rating to a "strong sell" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group lowered their target price on Royal Gold from $318.00 to $311.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has an average rating of "Hold" and a consensus price target of $285.10.

Royal Gold Stock Performance

RGLD opened at $259.01 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The firm has a fifty day moving average price of $210.17 and a 200 day moving average price of $236.60. Royal Gold, Inc. has a 1 year low of $168.88 and a 1 year high of $306.25. The stock has a market cap of $21.95 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.90 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating 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 company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the business earned $1.81 earnings per share. The firm's revenue was up 114.9% on a year-over-year basis. Equities research analysts anticipate that Royal Gold, Inc. will post 10.33 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold's dividend payout ratio is presently 20.74%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the sale, the senior vice president directly owned 8,582 shares in the company, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.

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