Corebridge Financial Inc. lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,405 shares of the basic materials company's stock after selling 3,336 shares during the period. Corebridge Financial Inc. owned 0.11% of Royal Gold worth $9,810,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Royal Gold by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after buying an additional 89,298 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Royal Gold in the fourth quarter valued at approximately $2,255,000. American Century Companies Inc. raised its position in Royal Gold by 2.0% during the fourth quarter. American Century Companies Inc. now owns 221,771 shares of the basic materials company's stock valued at $29,241,000 after purchasing an additional 4,453 shares in the last quarter. Virtu Financial LLC lifted its stake in Royal Gold by 146.7% during the fourth quarter. Virtu Financial LLC now owns 8,339 shares of the basic materials company's stock worth $1,099,000 after purchasing an additional 4,959 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Royal Gold by 20.1% in the 4th quarter. Teacher Retirement System of Texas now owns 56,290 shares of the basic materials company's stock valued at $7,422,000 after purchasing an additional 9,402 shares in the last quarter. Institutional investors own 83.65% of the company's stock.
Insider Buying and Selling
In other Royal Gold 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 transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.
Royal Gold Trading Up 0.6 %
RGLD traded up $0.89 on Friday, reaching $162.19. The stock had a trading volume of 525,406 shares, compared to its average volume of 387,226. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $164.18. The firm has a 50-day moving average of $148.67 and a 200-day moving average of $144.67.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data 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 return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.
Royal Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.11%. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.
Analyst Ratings Changes
Separately, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of "Hold" and a consensus target price of $168.86.
Check Out Our Latest Report on Royal Gold
Royal Gold Company 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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