Capital International Sarl Acquires 2,613 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Capital International Sarl lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 36.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,872 shares of the basic materials company's stock after buying an additional 2,613 shares during the period. Capital International Sarl's holdings in Royal Gold were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in Royal Gold in the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold in the 4th quarter worth $42,000. Jones Financial Companies Lllp raised its holdings 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 period. IFP Advisors Inc raised its holdings in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 158 shares during the period. Finally, Human Investing LLC bought a new stake in Royal Gold during the fourth quarter valued at about $73,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RGLD. Royal Bank of Canada decreased their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. BMO Capital Markets began coverage on Royal Gold in a report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price target on the stock. Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Finally, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.00.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Shares of RGLD stock traded down $1.82 during trading hours on Wednesday, hitting $179.53. The stock had a trading volume of 224,234 shares, compared to its average volume of 404,080. Royal Gold, Inc. has a one year low of $118.00 and a one year high of $191.78. The stock's 50-day moving average price is $159.70 and its two-hundred day moving average price is $148.60. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping 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, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.00%. Royal Gold's dividend payout ratio is currently 35.71%.

About Royal Gold

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.