29,621 Shares in Royal Gold, Inc. $RGLD Purchased by Man Group plc

Key Points

• Man Group plc purchased 29,621 Royal Gold shares worth approximately $5.9 million in the second quarter, while institutional investors collectively own 83.65% of the company.
• Analyst sentiment remains mixed: seven analysts rate Royal Gold a Buy, three a Hold and two a Sell, resulting in an average rating of Hold and an average price target of $285.10.
• Royal Gold exceeded quarterly earnings and revenue estimates, reporting $2.56 in EPS and $468.98 million in revenue, while revenue surged 114.9% year over year; the company also declared a quarterly dividend of $0.475 per share.

Man Group plc purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 29,621 shares of the basic materials company's stock, valued at approximately $5,913,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RGLD. Plancorp LLC increased its holdings in shares of Royal Gold by 69.8% during the 4th quarter. Plancorp LLC now owns 13,732 shares of the basic materials company's stock worth $3,053,000 after buying an additional 5,646 shares during the last quarter. World Investment Advisors purchased a new position in shares of Royal Gold in the 4th quarter worth $1,024,000. TD Asset Management Inc boosted its holdings in Royal Gold by 161.2% in the fourth quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company's stock valued at $9,744,000 after acquiring an additional 27,051 shares during the last quarter. Vestcor Inc boosted its holdings in Royal Gold by 62.5% in the fourth quarter. Vestcor Inc now owns 32,177 shares of the basic materials company's stock valued at $7,153,000 after acquiring an additional 12,381 shares during the last quarter. Finally, WJ Financial Advisors LLC purchased a new stake in Royal Gold during the fourth quarter valued at about $1,010,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

RGLD has been the subject of several research analyst reports. UBS Group upped their price target on Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Scotiabank reaffirmed a "sector perform" rating and issued a $310.00 price objective on shares of Royal Gold in a research note on Tuesday, July 14th. Weiss Ratings cut Royal Gold from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Zacks Research downgraded shares of Royal Gold from a "hold" rating to a "strong sell" rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their target price on shares of Royal Gold from $310.00 to $305.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $285.10.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Royal Gold Stock Down 2.3%

Shares of Royal Gold stock opened at $262.85 on Friday. The company has a fifty day moving average price of $215.06 and a 200 day moving average price of $236.73. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month high of $306.25. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period 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. Equities research analysts forecast that Royal Gold, Inc. will post 10.26 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business 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 $0.475 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. Royal Gold's dividend payout ratio (DPR) is 20.74%.

About Royal Gold

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.

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL.

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