4,340 Royal Gold, Inc. $RGLD Shares Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Royal Gold stake by 171% in the third quarter, buying 4,340 additional shares and bringing its holdings to 6,878 shares valued at approximately $1.62 million. Institutional investors collectively own 83.65% of the company.
• Analyst sentiment remains favorable, with nine analysts rating Royal Gold a Buy and three assigning a Hold rating. The stock has a “Moderate Buy” consensus and an average price target of $295.80.
• Royal Gold reported quarterly revenue of $468.98 million, up 114.9% year over year, and earnings of $2.56 per share, slightly exceeding estimates. The company also maintains a quarterly dividend of $0.475 per share, representing a 0.8% annualized yield.

Vontobel Holding Ltd. increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 171.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,878 shares of the basic materials company's stock after acquiring an additional 4,340 shares during the period. Vontobel Holding Ltd.'s holdings in Royal Gold were worth $1,623,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Royal Gold during the 2nd quarter worth about $2,177,865,000. Bank of New York Mellon Corp acquired a new position in shares of Royal Gold during the second quarter worth about $150,762,000. Findlay Park Partners LLP acquired a new position in shares of Royal Gold during the second quarter worth about $111,392,000. Bank of America Corp DE acquired a new position in shares of Royal Gold during the second quarter worth about $88,124,000. Finally, Deutsche Bank AG acquired a new position in shares of Royal Gold during the second quarter worth about $69,325,000. 83.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RGLD has been the subject of a number of research reports. UBS Group increased their price objective on Royal Gold from $280.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 7th. TD boosted their target price on Royal Gold from $289.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, September 18th. Jefferies Financial Group decreased their price target on shares of Royal Gold from $318.00 to $311.00 and set a "buy" rating for the company in a research note on Monday, July 6th. Zacks Research upgraded shares of Royal Gold from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Royal Gold from $305.00 to $325.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and an average target price of $295.80.

Royal Gold Stock Performance

RGLD opened at $235.91 on Tuesday. Royal Gold, Inc. has a 12-month low of $168.88 and a 12-month high of $306.25. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.78 and a beta of 0.45. The business has a 50 day moving average of $246.64 and a 200-day moving average of $231.13. The company has a quick ratio of 2.68, a current ratio of 2.92 and a debt-to-equity ratio of 0.05.

Royal Gold (NASDAQ:RGLD - Get Free Report) 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 analysts' consensus estimates of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The business had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same period in the previous year, the firm earned $1.81 EPS. The firm's revenue was up 114.9% compared to the same quarter last year. On average, equities research analysts expect that Royal Gold, Inc. will post 10.30 earnings per share for the current year.

Royal Gold Dividend Announcement

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

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares of the company's stock, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

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.

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