Dark Forest Capital Management LP Acquires Shares of 5,221 Royal Gold, Inc. (NASDAQ:RGLD)

Dark Forest Capital Management LP purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,221 shares of the basic materials company's stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Royal Gold in the 4th quarter valued at $44,009,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock valued at $39,846,000 after buying an additional 194,905 shares during the period. Proficio Capital Partners LLC bought a new position in Royal Gold in the 4th quarter valued at approximately $18,427,000. Distillate Capital Partners LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $15,258,000. Finally, Raymond James Financial Inc. bought a new stake in Royal Gold during the 4th quarter worth approximately $11,998,000. Institutional investors own 83.65% of the company's stock.

Analysts Set New Price Targets

RGLD has been the topic of a number of recent research reports. BMO Capital Markets assumed coverage on shares of 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 upped their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Royal Bank of Canada decreased their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.00.

Royal Gold Price Performance

Shares of RGLD stock traded up $1.97 on Monday, reaching $180.84. 435,474 shares of the company were exchanged, compared to its average volume of 405,727. The company has a 50-day moving average of $162.33 and a 200-day moving average of $149.84. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a one year low of $118.61 and a one year high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts' consensus estimates 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 predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is 35.71%.

Insider Transactions at Royal Gold

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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

Royal Gold 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.