Capital World Investors Has $1.16 Billion Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Capital World Investors lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,773,925 shares of the basic materials company's stock after buying an additional 37,648 shares during the quarter. Capital World Investors owned about 13.34% of Royal Gold worth $1,156,842,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Royal Gold in the 4th quarter valued at about $741,000. Arizona State Retirement System boosted its stake in shares of Royal Gold by 0.8% in the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock valued at $2,515,000 after buying an additional 149 shares during the period. Charles Schwab Investment Management Inc. grew its position in Royal Gold by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after buying an additional 5,067 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Royal Gold by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after acquiring an additional 199 shares during the period. Finally, Merit Financial Group LLC acquired a new position in Royal Gold in the 4th quarter valued at $455,000. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RGLD shares. 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 research report on Friday, April 4th. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. BMO Capital Markets assumed coverage on Royal Gold in a research note on Wednesday, April 16th. They set a "market perform" rating and a $196.00 target price for the company. Finally, Raymond James boosted their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.00.

Royal Gold Trading Up 1.6 %

NASDAQ:RGLD traded up $2.89 during mid-day trading on Thursday, hitting $183.46. 142,027 shares of the company's stock were exchanged, compared to its average volume of 404,369. Royal Gold, Inc. has a fifty-two week low of $118.61 and a fifty-two week high of $191.78. The firm has a market capitalization of $12.07 billion, a P/E ratio of 36.41, a PEG ratio of 3.42 and a beta of 0.77. The company has a 50 day simple moving average of $160.37 and a 200-day simple moving average of $148.82.

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

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.98%. Royal Gold's dividend payout ratio (DPR) 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 shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by insiders.

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.