Zurcher Kantonalbank Zurich Cantonalbank Has $2.23 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,862 shares of the basic materials company’s stock after selling 1,452 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $2,225,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold in the 3rd quarter worth approximately $38,000. Compagnie Lombard Odier SCmA bought a new position in Royal Gold in the 3rd quarter valued at $49,000. Larson Financial Group LLC boosted its stake in Royal Gold by 51.7% in the third 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 in the last quarter. Blue Trust Inc. grew its holdings in shares of Royal Gold by 108.7% during the third 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, Quest Partners LLC bought a new stake in shares of Royal Gold during the third quarter worth $62,000. 83.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were 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. This trade represents a 17.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $143.43, for a total transaction of $120,481.20. Following the completion of the transaction, the senior vice president now directly owns 16,842 shares in the company, valued at approximately $2,415,648.06. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

Royal Gold Trading Up 0.7 %

NASDAQ RGLD opened at $148.37 on Wednesday. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10. The stock has a 50-day simple moving average of $145.61 and a 200 day simple moving average of $137.47. The company has a market capitalization of $9.76 billion, a PE ratio of 34.03, a P/E/G ratio of 1.08 and a beta of 0.89.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $184.12 million. During the same period in the prior year, the business posted $0.76 EPS. Royal Gold’s revenue was up 39.8% on a year-over-year basis. As a group, sell-side analysts predict that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is currently 36.70%.

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.