Impax Asset Management LLC Buys New Stake in Royal Gold, Inc (RGLD)

Impax Asset Management LLC bought a new position in shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 135,000 shares of the basic materials company’s stock, valued at approximately $12,533,000. Impax Asset Management LLC owned 0.21% of Royal Gold at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RGLD. Van ECK Associates Corp grew its position in shares of Royal Gold by 11.6% during the 2nd quarter. Van ECK Associates Corp now owns 3,830,976 shares of the basic materials company’s stock worth $355,668,000 after buying an additional 399,288 shares during the period. FMR LLC grew its position in shares of Royal Gold by 36.4% during the 2nd quarter. FMR LLC now owns 537,267 shares of the basic materials company’s stock worth $49,880,000 after buying an additional 143,400 shares during the period. OppenheimerFunds Inc. grew its position in shares of Royal Gold by 134.8% during the 1st quarter. OppenheimerFunds Inc. now owns 240,868 shares of the basic materials company’s stock worth $20,683,000 after buying an additional 138,293 shares during the period. KBC Group NV grew its position in shares of Royal Gold by 84.3% during the 2nd quarter. KBC Group NV now owns 235,705 shares of the basic materials company’s stock worth $21,882,000 after buying an additional 107,797 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Royal Gold during the 1st quarter worth about $6,213,000. Institutional investors own 74.89% of the company’s stock.

RGLD has been the subject of several analyst reports. Canaccord Genuity set a $102.00 target price on Royal Gold and gave the stock a “buy” rating in a research report on Tuesday, July 24th. ValuEngine lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. National Bank Financial decreased their target price on Royal Gold from $102.50 to $97.50 and set a “sector perform” rating for the company in a research report on Saturday, July 14th. BidaskClub lowered Royal Gold from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Monday, July 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.95.

NASDAQ:RGLD opened at $74.06 on Monday. Royal Gold, Inc has a fifty-two week low of $72.97 and a fifty-two week high of $98.53. The company has a current ratio of 2.45, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.85 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 3.75 and a beta of 0.35.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The business had revenue of $116.20 million for the quarter, compared to analysts’ expectations of $115.57 million. During the same quarter in the previous year, the business posted $0.31 EPS. Royal Gold’s revenue for the quarter was up 6.7% on a year-over-year basis. equities analysts expect that Royal Gold, Inc will post 1.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 4th. Royal Gold’s dividend payout ratio (DPR) is presently 56.82%.

In other Royal Gold news, VP William Holmes Heissenbuttel sold 6,480 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $91.91, for a total value of $595,576.80. Following the sale, the vice president now owns 80,032 shares in the company, valued at approximately $7,355,741.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jamie C. Sokalsky bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average price of $77.25 per share, for a total transaction of $154,500.00. Following the purchase, the director now directly owns 9,200 shares in the company, valued at approximately $710,700. The disclosure for this purchase can be found here. Insiders have sold a total of 36,931 shares of company stock worth $3,463,106 in the last quarter. 1.12% of the stock is currently owned by company insiders.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.

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

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