Janney Montgomery Scott LLC Has $1.61 Million Stake in Royal Gold, Inc. (NASDAQ:RGLD)

Janney Montgomery Scott LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 129.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,229 shares of the basic materials company's stock after acquiring an additional 6,899 shares during the period. Janney Montgomery Scott LLC's holdings in Royal Gold were worth $1,612,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RGLD. Barlow Wealth Partners Inc. increased its holdings in Royal Gold by 5.9% in the fourth quarter. Barlow Wealth Partners Inc. now owns 110,872 shares of the basic materials company's stock valued at $15,166,000 after purchasing an additional 6,169 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Royal Gold by 33.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,913 shares of the basic materials company's stock worth $1,175,000 after buying an additional 2,231 shares during the period. UMB Bank n.a. increased its stake in shares of Royal Gold by 11.2% in the 4th quarter. UMB Bank n.a. now owns 1,273 shares of the basic materials company's stock valued at $168,000 after acquiring an additional 128 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Royal Gold by 4.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 9,986 shares of the basic materials company's stock valued at $1,317,000 after acquiring an additional 416 shares during the period. Finally, Canoe Financial LP bought a new position in Royal Gold during the 4th quarter worth approximately $2,299,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by insiders.

Royal Gold Price Performance

NASDAQ:RGLD traded down $0.47 during trading hours on Friday, reaching $144.48. 414,226 shares of the company were exchanged, compared to its average volume of 409,161. The company has a market capitalization of $9.50 billion, a P/E ratio of 33.14, a P/E/G ratio of 0.84 and a beta of 0.90. The business has a 50 day moving average of $139.49 and a 200 day moving average of $140.72. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The firm's quarterly revenue was up 39.8% on a year-over-year basis. As a group, equities research analysts anticipate that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.45 dividend. This is an increase from Royal Gold's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, January 3rd. Royal Gold's dividend payout ratio (DPR) is presently 41.28%.

Analyst Ratings Changes

RGLD has been the topic of several analyst reports. TD Securities increased their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $168.86.

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.