7,846 Royal Gold, Inc. $RGLD Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial increased its Royal Gold position by 93.8% in the third quarter, purchasing 7,846 additional shares and bringing its holdings to 16,215 shares valued at approximately $3.83 million.
• Institutional ownership remains high at 83.65%, with several major firms—including BlackRock, Bank of New York Mellon, and Bank of America—recently acquiring stakes.
• Analysts maintain a favorable outlook, with an average “Moderate Buy” rating and a $309.56 price target. Royal Gold also reported revenue growth of 114.9% year over year and pays a quarterly dividend of $0.475 per share.

Vest Financial LLC boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 93.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,215 shares of the basic materials company's stock after acquiring an additional 7,846 shares during the quarter. Vest Financial LLC's holdings in Royal Gold were worth $3,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Royal Gold in the 2nd quarter valued at about $2,177,865,000. Bank of New York Mellon Corp purchased a new stake in shares of Royal Gold in the second quarter worth approximately $150,762,000. Findlay Park Partners LLP acquired a new stake in shares of Royal Gold during the second quarter worth approximately $111,392,000. Bank of America Corp DE acquired a new stake in shares of Royal Gold during the second quarter worth approximately $88,124,000. Finally, Deutsche Bank AG acquired a new stake in shares of Royal Gold during the second quarter worth approximately $69,325,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RGLD shares. Royal Bank Of Canada boosted their price objective on shares of Royal Gold from $305.00 to $325.00 and gave the company an "outperform" rating in a research report on Wednesday, September 16th. TD cut their target price on shares of Royal Gold from $315.00 to $311.00 and set a "buy" rating for the company in a research report on Tuesday. UBS Group lifted their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce set a $305.00 price target on shares of Royal Gold in a report on Friday, October 16th. Finally, Weiss Ratings upgraded shares of Royal Gold from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Eight 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $309.56.

Royal Gold Stock Down 3.1%

RGLD opened at $227.42 on Friday. The business has a 50 day moving average price of $247.04 and a 200 day moving average price of $230.58. Royal Gold, Inc. has a twelve month low of $168.88 and a twelve month 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 firm has a market cap of $19.27 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.45.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) 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 firm had revenue of $468.98 million during the quarter, compared to analysts' expectations of $458.85 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. The company's revenue was up 114.9% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 10.47 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a $0.4750 dividend. 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 payout ratio is presently 20.74%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the company's stock in a transaction 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 directly owned 8,082 shares of the company's stock, valued at approximately $2,123,949.60. This 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. Corporate insiders own 0.35% of the company's stock.

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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