17,100 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,100 shares of the basic materials company's stock, valued at approximately $2,255,000.

A number of other hedge funds also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in Royal Gold in the fourth quarter valued at $18,427,000. Raymond James Financial Inc. acquired a new stake in shares of Royal Gold in the 4th quarter valued at $11,998,000. Bank of Montreal Can grew its holdings in shares of Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company's stock worth $18,049,000 after purchasing an additional 83,015 shares during the last quarter. FMR LLC increased its position in shares of Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company's stock worth $25,074,000 after purchasing an additional 46,615 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Royal Gold by 271.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 61,938 shares of the basic materials company's stock valued at $8,166,000 after purchasing an additional 45,258 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction dated Monday, March 17th. The stock was 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 directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.52% of the company's stock.

Remove Ads

Royal Gold Price Performance

Shares of NASDAQ RGLD traded up $1.86 during midday trading on Monday, hitting $164.05. The stock had a trading volume of 353,389 shares, compared to its average volume of 387,178. The firm has a market cap of $10.79 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $165.55. The company's 50-day simple moving average is $148.67 and its 200 day simple moving average is $144.79.

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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's payout ratio is 35.71%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and upped their price objective for the stock from $154.00 to $178.00 in a research note 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $168.86.

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.