Arrowstreet Capital Limited Partnership Acquires 194,905 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Arrowstreet Capital Limited Partnership increased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 181.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,206 shares of the basic materials company's stock after acquiring an additional 194,905 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.46% of Royal Gold worth $39,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in Royal Gold during the 3rd quarter valued at $36,000. Nomura Asset Management Co. Ltd. raised its stake in Royal Gold by 61.1% during the 3rd 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 last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the 4th quarter valued at $42,000. Finally, Jones Financial Companies Lllp grew its position in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD traded up $1.38 during trading on Monday, reaching $156.98. 1,145,015 shares of the company traded hands, compared to its average volume of 394,527. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $169.00. The stock's 50 day moving average price is $151.43 and its two-hundred day moving average price is $145.69. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 3.42 and a beta of 0.77.

Remove Ads

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

Royal Gold Dividend Announcement

The company also recently announced 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. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, April 4th. Royal Gold's payout ratio is 35.71%.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,300 shares of the business'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 transaction, the senior vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and upped their price objective for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. Raymond James boosted their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.75.

Royal Gold 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.