Bridgewater Associates LP acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,410 shares of the basic materials company's stock, valued at approximately $845,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at $42,000. Jones Financial Companies Lllp boosted its holdings in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc grew its stake in Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares in the last quarter. Finally, Human Investing LLC purchased a new stake in Royal Gold during the 4th quarter worth about $73,000. Institutional investors and hedge funds own 83.65% of the company's stock.
Royal Gold Stock Performance
NASDAQ RGLD traded down $1.51 during trading on Wednesday, reaching $179.84. The company's stock had a trading volume of 200,259 shares, compared to its average volume of 403,982. Royal Gold, Inc. has a twelve month low of $118.00 and a twelve month high of $191.78. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 3.42 and a beta of 0.77. The business's fifty day moving average price is $159.70 and its 200-day moving average price is $148.60.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.
Royal Gold Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio is presently 35.71%.
Insider Activity at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value 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. The trade was a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. BMO Capital Markets started coverage on shares of Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price on the stock. Jefferies Financial Group upgraded shares of 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. Raymond James raised 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, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada dropped their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Royal Gold has a consensus rating of "Moderate Buy" and a consensus target price of $178.00.
Get Our Latest Stock Report on Royal Gold
Royal Gold Profile
(
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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