Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 523.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,620 shares of the basic materials company's stock after purchasing an additional 2,200 shares during the period. Erste Asset Management GmbH's holdings in Royal Gold were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Royal Gold during the fourth quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold in the third quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Royal Gold during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 0.1 %

Shares of RGLD traded up $0.11 during mid-day trading on Wednesday, reaching $154.76. The company had a trading volume of 541,711 shares, compared to its average volume of 367,471. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $158.94. The firm has a fifty day simple moving average of $145.13 and a 200-day simple moving average of $143.55. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Remove Ads

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 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, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's payout ratio is currently 35.71%.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and boosted 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 five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $168.86.

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.