Allspring Global Investments Holdings LLC Decreases Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,786 shares of the basic materials company's stock after selling 50,145 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Royal Gold worth $15,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RGLD. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at about $25,000. Point72 Hong Kong Ltd bought a new position in Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. bought a new position in Royal Gold during the third quarter worth about $38,000. Nomura Asset Management Co. Ltd. boosted its position in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, Larson Financial Group LLC boosted its position in Royal Gold by 51.7% during the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock worth $51,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on RGLD shares. TD Securities increased their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Raymond James increased their target price on shares of Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $168.86.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by insiders.

Royal Gold Trading Up 2.0 %

Shares of RGLD stock traded up $3.00 during trading hours on Thursday, reaching $152.24. The stock had a trading volume of 407,812 shares, compared to its average volume of 437,979. The stock's fifty day simple moving average is $139.46 and its 200 day simple moving average is $141.44. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.64. The firm has a market capitalization of $10.01 billion, a PE ratio of 30.21, a PEG ratio of 0.90 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, equities research analysts anticipate that Royal Gold, Inc. will post 6.31 EPS for the current fiscal year.

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.