64,087 Shares in Royal Gold, Inc. $RGLD Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC purchased a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,087 shares of the basic materials company’s stock, valued at approximately $12,792,000. Royal Gold comprises 1.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors also recently made changes to their positions in RGLD. BlackRock Inc. purchased a new position in shares of Royal Gold during the 2nd quarter valued at approximately $2,177,865,000. Capital World Investors increased its stake in shares of Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock worth $2,163,732,000 after buying an additional 678,732 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Gold by 25.0% in the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after buying an additional 1,681,577 shares during the last quarter. Van ECK Associates Corp raised its holdings in Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock valued at $1,311,607,000 after acquiring an additional 905,488 shares in the last quarter. Finally, State Street Corp raised its holdings in Royal Gold by 11.9% in the fourth quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after acquiring an additional 396,778 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $230.43 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.44. Royal Gold, Inc. has a twelve month low of $166.51 and a twelve month high of $306.25. The business has a 50 day simple moving average of $207.17 and a 200-day simple moving average of $236.83.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The firm’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same period last year, the business posted $1.81 earnings per share. As a group, equities research analysts expect that Royal Gold, Inc. will post 10.33 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio is 20.74%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the transaction, the senior vice president directly owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on RGLD shares. Jefferies Financial Group reduced their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Zacks Research downgraded shares of Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Friday, July 31st. UBS Group upped their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Scotiabank reaffirmed a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $285.10.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.