3,078 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,078 shares of the basic materials company’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its stake in shares of Royal Gold by 1,800.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company’s stock worth $2,306,000 after acquiring an additional 18,344 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Royal Gold by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock worth $23,408,000 after acquiring an additional 35,458 shares during the period. BNP Paribas Financial Markets boosted its holdings in Royal Gold by 151.2% in the 1st quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company’s stock valued at $3,037,000 after purchasing an additional 15,012 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Royal Gold during the 4th quarter worth $1,239,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Royal Gold by 36.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company’s stock valued at $6,746,000 after purchasing an additional 14,675 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Gold

In related news, Director Ronald J. Vance sold 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $132.16, for a total value of $132,160.00. Following the completion of the transaction, the director now directly owns 9,109 shares in the company, valued at $1,203,845.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Stock Up 0.4 %

Shares of RGLD traded up $0.54 during mid-day trading on Wednesday, reaching $139.36. The company’s stock had a trading volume of 26,857 shares, compared to its average volume of 385,890. The business has a fifty day moving average of $131.21 and a 200 day moving average of $123.11. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 1.06 and a beta of 0.87. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $141.05.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $174.10 million for the quarter, compared to the consensus estimate of $172.12 million. Royal Gold had a net margin of 39.15% and a return on equity of 8.74%. The business’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. On average, analysts predict that Royal Gold, Inc. will post 4.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RGLD shares. StockNews.com upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Bank of America increased their price target on shares of Royal Gold from $129.00 to $131.00 and gave the company an “underperform” rating in a report on Wednesday, June 26th. BMO Capital Markets lifted their price target on Royal Gold from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. CIBC boosted their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, Scotiabank lifted 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Royal Gold currently has a consensus rating of “Hold” and an average price target of $157.00.

Royal Gold Profile

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.