American Century Companies Inc. Grows Position in Royal Gold, Inc. (NASDAQ:RGLD)

American Century Companies Inc. lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,771 shares of the basic materials company's stock after purchasing an additional 4,453 shares during the period. American Century Companies Inc. owned about 0.34% of Royal Gold worth $29,241,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in Royal Gold in the fourth quarter worth about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Royal Gold in the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold in the third quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. grew its holdings 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 valued at $41,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold in the fourth quarter worth $42,000. 83.65% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company's stock.

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Royal Gold Stock Performance

Royal Gold stock traded down $0.27 during midday trading on Wednesday, reaching $163.99. 97,100 shares of the stock were exchanged, compared to its average volume of 388,534. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $165.23. The firm has a market cap of $10.78 billion, a PE ratio of 32.49, a PEG ratio of 3.42 and a beta of 0.84. The company's fifty day moving average is $149.64 and its 200-day moving average is $145.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly 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, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised 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 report on Tuesday, January 7th. One equities 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $168.86.

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.