Oxford Asset Management LLP Takes $327,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Oxford Asset Management LLP purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,482 shares of the basic materials company's stock, valued at approximately $327,000.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors raised its position in Royal Gold by 0.4% in the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock worth $1,156,842,000 after buying an additional 37,648 shares during the last quarter. Vanguard Group Inc. lifted its position in Royal Gold by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after purchasing an additional 89,298 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Royal Gold by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock worth $115,735,000 after purchasing an additional 49,206 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Royal Gold by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after purchasing an additional 5,067 shares during the period. Finally, Norges Bank purchased a new stake in Royal Gold during the 4th quarter valued at $44,009,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company's stock.

Royal Gold Stock Down 2.6 %

NASDAQ RGLD opened at $178.87 on Monday. Royal Gold, Inc. has a twelve month low of $118.61 and a twelve month high of $191.78. The business has a 50-day moving average price of $161.70 and a 200-day moving average price of $149.57. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, April 4th. Royal Gold's payout ratio is currently 35.71%.

Wall Street Analyst Weigh In

RGLD has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Royal Gold in a research report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price objective for the company. Royal Bank of Canada dropped their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James upped their target price on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and lifted their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.00.

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.

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