Gabelli Funds LLC Acquires 10,300 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Gabelli Funds LLC boosted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 296,400 shares of the basic materials company's stock after acquiring an additional 10,300 shares during the period. Gabelli Funds LLC owned 0.45% of Royal Gold worth $39,080,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Veracity Capital LLC raised its position in shares of Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 76 shares during the period. Savant Capital LLC lifted its holdings in shares of Royal Gold by 0.4% in the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock worth $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after acquiring an additional 94 shares during the period. Bessemer Group Inc. grew its stake in Royal Gold by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after acquiring an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after acquiring an additional 100 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, the senior vice president now 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Royal Gold Stock Down 0.8 %

Shares of NASDAQ RGLD traded down $1.55 during midday trading on Friday, reaching $184.90. The company had a trading volume of 566,791 shares, compared to its average volume of 403,132. The firm's fifty day moving average price is $157.56 and its 200-day moving average price is $147.64. The stock has a market cap of $12.17 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a one year low of $118.00 and a one year high of $191.22.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results 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 net margin of 46.15% and a return on equity of 11.46%. As a group, equities research analysts expect 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 issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $166.00 to $189.00 in a report on Monday. BMO Capital Markets assumed coverage on shares of Royal Gold in a research report on Wednesday. They issued a "market perform" rating and a $196.00 price objective on the stock. Finally, Raymond James lifted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.00.

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.