Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,983 shares of the basic materials company's stock after buying an additional 7,742 shares during the period. Kingsview Wealth Management LLC owned about 0.11% of Royal Gold worth $9,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Verity Asset Management Inc. boosted its position in Royal Gold by 6.3% during the fourth quarter. Verity Asset Management Inc. now owns 14,906 shares of the basic materials company's stock valued at $1,965,000 after purchasing an additional 886 shares in the last quarter. Sylvest Advisors LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $303,000. Swedbank AB grew its position in shares of Royal Gold by 47.6% in the 4th quarter. Swedbank AB now owns 118,327 shares of the basic materials company's stock worth $15,601,000 after buying an additional 38,170 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Royal Gold by 9.5% during the 4th quarter. Pacer Advisors Inc. now owns 41,999 shares of the basic materials company's stock worth $5,538,000 after acquiring an additional 3,634 shares in the last quarter. Finally, KBC Group NV lifted its position in Royal Gold by 1,904.4% during the fourth quarter. KBC Group NV now owns 33,874 shares of the basic materials company's stock valued at $4,466,000 after acquiring an additional 32,184 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Royal Gold Trading Up 1.6 %

NASDAQ RGLD traded up $2.32 on Wednesday, hitting $147.19. 473,434 shares of the company's stock traded hands, compared to its average volume of 406,737. The firm's 50-day moving average price is $139.37 and its two-hundred day moving average price is $141.00. The firm has a market capitalization of $9.68 billion, a PE ratio of 33.76, a P/E/G ratio of 0.87 and a beta of 0.90. 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 posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. On average, research analysts anticipate that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.45 dividend. This is a boost from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. Royal Gold's payout ratio is presently 41.28%.

Insiders Place Their Bets

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

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.