First National Bank of Omaha Buys Shares of 3,000 Royal Gold, Inc. $RGLD

First National Bank of Omaha purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the second quarter, HoldingsChannel reports. The firm purchased 3,000 shares of the basic materials company’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. K2 Principal Fund L.P. acquired a new position in shares of Royal Gold in the 2nd quarter worth approximately $2,121,000. Meeder Asset Management Inc. purchased a new stake in Royal Gold in the second quarter valued at approximately $5,319,000. Tiemann Investment Advisors LLC acquired a new position in Royal Gold during the second quarter worth $922,000. MidFirst Bank acquired a new position in Royal Gold during the second quarter worth $87,000. Finally, BlackRock Inc. purchased a new position in shares of Royal Gold during the second quarter worth $2,177,865,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the transaction, the senior vice president directly owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Royal Gold Stock Up 7.7%

RGLD stock opened at $248.14 on Thursday. The company’s 50 day moving average price is $208.19 and its 200 day moving average price is $236.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92. Royal Gold, Inc. has a fifty-two week low of $167.28 and a fifty-two week high of $306.25. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.73 and a beta of 0.44.

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 company had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company’s quarterly revenue was up 114.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. On average, equities research analysts anticipate that Royal Gold, Inc. will post 10.33 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be issued a $0.475 dividend. 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 dividend payout ratio is presently 20.74%.

Wall Street Analyst Weigh In

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

Royal Gold Company 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.