America First Investment Advisors LLC Acquires 3,996 Shares of Royal Gold, Inc. (RGLD)

America First Investment Advisors LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,863 shares of the basic materials company’s stock after acquiring an additional 3,996 shares during the quarter. Royal Gold makes up about 4.7% of America First Investment Advisors LLC’s holdings, making the stock its 13th biggest position. America First Investment Advisors LLC owned 0.23% of Royal Gold worth $12,980,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Royal Gold by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,851,247 shares of the basic materials company’s stock valued at $457,392,000 after acquiring an additional 73,112 shares during the period. Capital World Investors grew its position in Royal Gold by 25.7% in the 2nd quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock valued at $325,031,000 after buying an additional 849,900 shares during the last quarter. First Eagle Investment Management LLC grew its position in Royal Gold by 1.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock valued at $304,409,000 after buying an additional 58,541 shares during the last quarter. Northern Trust Corp grew its position in Royal Gold by 0.6% in the 2nd quarter. Northern Trust Corp now owns 776,708 shares of the basic materials company’s stock valued at $60,715,000 after buying an additional 4,266 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in Royal Gold by 4.3% in the 2nd quarter. Gabelli Funds LLC now owns 686,700 shares of the basic materials company’s stock valued at $53,679,000 after buying an additional 28,000 shares during the last quarter. 69.63% of the stock is currently owned by institutional investors and hedge funds.

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In other news, VP Bruce Christopher Kirchhoff sold 6,190 shares of Royal Gold stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.76, for a total transaction of $561,804.40. Following the completion of the transaction, the vice president now owns 48,673 shares of the company’s stock, valued at approximately $4,417,561.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony A. Jensen sold 25,000 shares of Royal Gold stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.00, for a total value of $2,250,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 36,452 shares of company stock worth $3,274,984 over the last 90 days. Insiders own 1.12% of the company’s stock.

A number of research firms recently weighed in on RGLD. Eight Capital reiterated a “neutral” rating on shares of Royal Gold in a research report on Thursday, November 16th. BMO Capital Markets set a $105.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Tuesday, November 14th. TheStreet upgraded shares of Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.61.

Shares of Royal Gold, Inc. (NASDAQ RGLD) traded down $0.03 during midday trading on Tuesday, hitting $85.35. 236,400 shares of the company’s stock traded hands, compared to its average volume of 540,437. The stock has a market cap of $5,590.00, a price-to-earnings ratio of 58.08, a P/E/G ratio of 4.85 and a beta of 0.49. Royal Gold, Inc. has a 52 week low of $60.21 and a 52 week high of $94.39. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analyst estimates of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. equities research analysts forecast that Royal Gold, Inc. will post 1.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be given a dividend of $0.25 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, January 4th. Royal Gold’s payout ratio is presently 62.34%.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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