Capstone Investment Advisors LLC Has $526,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Capstone Investment Advisors LLC raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,752 shares of the basic materials company’s stock after buying an additional 1,009 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Royal Gold were worth $526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Royal Gold during the 3rd quarter valued at $38,000. Compagnie Lombard Odier SCmA purchased a new position in Royal Gold in the third quarter valued at about $49,000. Larson Financial Group LLC increased its position in Royal Gold by 51.7% in the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 123 shares during the last quarter. Blue Trust Inc. increased its position in Royal Gold by 108.7% in the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 213 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Royal Gold during the 2nd quarter worth about $62,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other news, Director William M. Hayes sold 1,984 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the sale, the director now directly owns 9,268 shares in the company, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 840 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the transaction, the senior vice president now directly owns 16,842 shares of the company’s stock, valued at approximately $2,415,648.06. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RGLD shares. TD Securities boosted their price target on Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Scotiabank raised their price target on shares of Royal Gold from $148.00 to $157.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Raymond James upped their price objective on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group upped their price target on Royal Gold from $141.00 to $154.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $165.43.

Royal Gold Stock Performance

Royal Gold stock opened at $146.26 on Friday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a market capitalization of $9.62 billion, a PE ratio of 33.55, a PEG ratio of 1.07 and a beta of 0.90. The business’s 50-day simple moving average is $145.44 and its 200-day simple moving average is $136.99.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.34 by $0.13. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company had revenue of $193.84 million for the quarter, compared to the consensus estimate of $184.12 million. During the same period in the previous year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 39.8% on a year-over-year basis. Research analysts forecast that Royal Gold, Inc. will post 5.14 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.45 per share. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio is presently 36.70%.

About Royal Gold

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.