Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Oxbow Advisors LLC

Oxbow Advisors LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,848 shares of the basic materials company's stock after purchasing an additional 2,645 shares during the period. Royal Gold comprises about 1.8% of Oxbow Advisors LLC's portfolio, making the stock its 9th largest holding. Oxbow Advisors LLC owned approximately 0.17% of Royal Gold worth $15,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its position in Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company's stock valued at $18,049,000 after purchasing an additional 83,015 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company's stock valued at $1,130,000 after acquiring an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Royal Gold during the third quarter valued at $1,201,000. Cerity Partners LLC grew its position in shares of Royal Gold by 114.5% during the third quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company's stock worth $4,527,000 after acquiring an additional 17,227 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Royal Gold in the 4th quarter worth about $455,000. 83.65% of the stock is owned by institutional investors and hedge funds.

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Royal Gold Price Performance

Shares of Royal Gold stock traded down $0.44 on Wednesday, hitting $150.42. The company had a trading volume of 364,182 shares, compared to its average volume of 371,595. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $155.64. The company has a market cap of $9.89 billion, a PE ratio of 29.85, a PEG ratio of 3.42 and a beta of 0.90. The business has a 50-day simple moving average of $139.77 and a 200-day simple moving average of $142.15.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) 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%. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 16,293 shares of the company's stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised shares of 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. TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.