Amundi grew its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,087 shares of the basic materials company's stock after acquiring an additional 5,917 shares during the quarter. Amundi owned about 0.14% of Royal Gold worth $12,956,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Royal Gold during the 4th quarter worth $330,000. Callan Family Office LLC purchased a new position in Royal Gold during the 4th quarter worth $317,000. Raymond James Financial Inc. purchased a new position in Royal Gold during the 4th quarter worth $11,998,000. Arizona State Retirement System grew its stake in Royal Gold by 0.8% during the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock worth $2,515,000 after buying an additional 149 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Royal Gold during the 4th quarter worth $18,427,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.
Royal Gold Price Performance
RGLD traded down $0.44 on Tuesday, reaching $154.65. 525,469 shares of the stock were exchanged, compared to its average volume of 366,779. The company's 50-day moving average price is $144.71 and its 200 day moving average price is $143.45. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $158.40. The firm has a market capitalization of $10.17 billion, a PE ratio of 30.68, a PEG ratio of 3.42 and a beta of 0.84.
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 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.
Insider Activity
In other news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company's stock.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.86.
Read Our Latest Report on Royal Gold
About Royal Gold
(
Free Report)
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.
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