Magnetar Financial LLC Boosts Stake in Royal Gold, Inc (RGLD)

Magnetar Financial LLC lifted its position in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 368.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,581 shares of the basic materials company’s stock after purchasing an additional 25,629 shares during the quarter. Magnetar Financial LLC’s holdings in Royal Gold were worth $2,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RGLD. Capital World Investors boosted its holdings in Royal Gold by 25.7% during 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 acquiring an additional 849,900 shares during the period. KBC Group NV boosted its holdings in Royal Gold by 5,094.1% during the 3rd quarter. KBC Group NV now owns 94,480 shares of the basic materials company’s stock valued at $8,129,000 after acquiring an additional 92,661 shares during the period. Capital Research Global Investors boosted its holdings in Royal Gold by 131.8% during the 2nd quarter. Capital Research Global Investors now owns 154,000 shares of the basic materials company’s stock valued at $12,038,000 after acquiring an additional 87,567 shares during the period. First Eagle Investment Management LLC boosted its holdings in Royal Gold by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 3,479,449 shares of the basic materials company’s stock valued at $271,989,000 after acquiring an additional 73,384 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Royal Gold by 1.3% during 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. Hedge funds and other institutional investors own 72.04% of the company’s stock.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.12% of the company’s stock.

Several brokerages recently weighed in on RGLD. Zacks Investment Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 target price for the company in a report on Wednesday. BidaskClub cut Royal Gold from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd. Eight Capital restated a “neutral” rating on shares of Royal Gold in a report on Thursday, November 16th. BMO Capital Markets set a $105.00 target price on Royal Gold and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $96.28.

Royal Gold, Inc (NASDAQ RGLD) opened at $81.43 on Thursday. The company has a market capitalization of $5,372.49, a P/E ratio of 55.84, a price-to-earnings-growth ratio of 4.65 and a beta of 0.46. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. Royal Gold, Inc has a 52-week low of $60.21 and a 52-week high of $94.39.

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

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.23%. Royal Gold’s dividend payout ratio is presently 62.34%.

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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.

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

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