BFI Infinity Ltd. Makes New $554,000 Investment in Royal Gold, Inc. $RGLD

BFI Infinity Ltd. acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,348 shares of the basic materials company’s stock, valued at approximately $554,000.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Royal Gold in the second quarter valued at $2,177,865,000. Bank of New York Mellon Corp bought a new position in shares of Royal Gold in the second quarter valued at about $150,762,000. Findlay Park Partners LLP bought a new position in shares of Royal Gold in the second quarter valued at about $111,392,000. Bank of America Corp DE bought a new position in shares of Royal Gold in the second quarter valued at about $88,124,000. Finally, Deutsche Bank AG acquired a new position in Royal Gold during the 2nd quarter worth about $69,325,000. Institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 3.6%

NASDAQ:RGLD opened at $233.00 on Friday. The stock’s fifty day moving average price is $246.45 and its two-hundred day moving average price is $231.26. Royal Gold, Inc. has a 52-week low of $168.88 and a 52-week high of $306.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 1.69 and a beta of 0.45.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%. The business’s quarterly revenue was up 114.9% compared to the same quarter last year. During the same period last year, the company earned $1.81 EPS. On average, analysts anticipate that Royal Gold, Inc. will post 10.30 EPS for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.4750 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s payout ratio is presently 20.74%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 7th. TD raised their price objective on shares of Royal Gold from $289.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Jefferies Financial Group dropped their target price on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada boosted their target price on shares of Royal Gold from $305.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Finally, Scotiabank reiterated a “sector perform” rating and set a $310.00 target price on shares of Royal Gold in a research report on Tuesday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $298.30.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president owned 8,082 shares of the company’s stock, valued at $2,123,949.60. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Royal Gold Company Profile

Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.

Royal Gold’s portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.