Distillate Capital Partners LLC Purchases Shares of 115,725 Royal Gold, Inc. (NASDAQ:RGLD)

Distillate Capital Partners LLC purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,725 shares of the basic materials company's stock, valued at approximately $15,258,000. Distillate Capital Partners LLC owned about 0.18% of Royal Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in Royal Gold in the 4th quarter valued at about $25,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Royal Gold during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp increased its holdings in shares of Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 158 shares during the period. Institutional investors own 83.65% of the company's stock.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RGLD shares. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $166.00 to $189.00 in a research note on Monday. BMO Capital Markets started coverage on Royal Gold in a report on Wednesday. They set a "market perform" rating and a $196.00 target price for the company. Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, Raymond James increased their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and an average price target of $178.00.

Royal Gold Stock Down 0.8 %

Shares of RGLD traded down $1.55 during midday trading on Thursday, hitting $184.90. The company's stock had a trading volume of 566,791 shares, compared to its average volume of 404,946. Royal Gold, Inc. has a one year low of $118.00 and a one year high of $191.22. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. The company's fifty day simple moving average is $156.81 and its two-hundred day simple moving average is $147.34.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 0.97%. Royal Gold's dividend payout ratio is currently 35.71%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.