Profund Advisors LLC Purchases 2,682 Shares of Royal Gold, Inc. $RGLD

Profund Advisors LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 38.7% during the third quarter, Holdings Channel reports. The institutional investor owned 9,620 shares of the basic materials company’s stock after acquiring an additional 2,682 shares during the quarter. Profund Advisors LLC’s holdings in Royal Gold were worth $1,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. boosted its position in Royal Gold by 275.8% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 6,656 shares of the basic materials company’s stock worth $1,335,000 after purchasing an additional 4,885 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of Royal Gold during the 2nd quarter valued at approximately $1,397,000. Ruffer LLP acquired a new position in shares of Royal Gold in the 3rd quarter valued at $16,636,000. Campbell & CO Investment Adviser LLC boosted its holdings in Royal Gold by 576.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,119 shares of the basic materials company’s stock worth $7,044,000 after buying an additional 29,927 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Royal Gold by 1,124.0% during the second quarter. Neuberger Berman Group LLC now owns 109,863 shares of the basic materials company’s stock worth $19,512,000 after buying an additional 100,887 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 5.1%

RGLD stock opened at $279.21 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.23. Royal Gold, Inc. has a 12-month low of $142.95 and a 12-month high of $306.25. The stock has a market cap of $23.57 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 0.73 and a beta of 0.49. The business’s 50-day moving average is $243.18 and its 200 day moving average is $204.08.

Royal Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.475 dividend. This is a boost from Royal Gold’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, January 2nd. Royal Gold’s dividend payout ratio is presently 26.10%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Gold in a research report on Thursday, January 22nd. BMO Capital Markets set a $240.00 price target on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Bank of America increased their price target on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. Zacks Research raised Royal Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Wall Street Zen cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has an average rating of “Moderate Buy” and a consensus target price of $251.50.

About Royal Gold

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.