Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 92.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,790 shares of the basic materials company's stock after purchasing an additional 21,510 shares during the period. Citigroup Inc. owned 0.07% of Royal Gold worth $6,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Royal Gold by 1,800.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company's stock worth $2,306,000 after acquiring an additional 18,344 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Royal Gold by 165.0% during the first quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company's stock valued at $1,294,000 after purchasing an additional 6,616 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Royal Gold by 357.7% during the second quarter. Hsbc Holdings PLC now owns 51,719 shares of the basic materials company's stock valued at $6,473,000 after purchasing an additional 40,419 shares in the last quarter. BDF Gestion purchased a new position in shares of Royal Gold during the second quarter valued at approximately $1,831,000. Finally, Sei Investments Co. boosted its position in shares of Royal Gold by 75.8% in the 2nd quarter. Sei Investments Co. now owns 65,293 shares of the basic materials company's stock worth $8,174,000 after purchasing an additional 28,163 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of NASDAQ:RGLD traded up $0.59 during mid-day trading on Friday, reaching $146.26. 163,300 shares of the company traded hands, compared to its average volume of 433,019. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.10. The firm has a market cap of $9.62 billion, a PE ratio of 33.55, a PEG ratio of 1.07 and a beta of 0.90. The company's 50 day moving average price is $145.49 and its 200-day moving average price is $137.19.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million during the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The firm's revenue was up 39.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. On average, research analysts predict that Royal Gold, Inc. will post 5.14 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. This is a positive change from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's dividend payout ratio is currently 36.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RGLD. Scotiabank raised their price objective on Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a research report on Monday, August 19th. Raymond James raised their price target on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold presently has a consensus rating of "Hold" and a consensus price target of $165.43.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 840 shares of the firm's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $143.43, for a total value of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at approximately $2,415,648.06. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William M. Hayes sold 1,984 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $147.05, for a total value of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. This represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

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.