Pacer Advisors Inc. Has $5.54 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Pacer Advisors Inc. grew its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,999 shares of the basic materials company's stock after buying an additional 3,634 shares during the quarter. Pacer Advisors Inc. owned about 0.06% of Royal Gold worth $5,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd acquired a new stake in Royal Gold in the 3rd quarter valued at about $36,000. Advisors Asset Management Inc. acquired a new stake in Royal Gold in the 3rd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Royal Gold in the 3rd quarter worth approximately $49,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $147.05, for a total value of $291,747.20. Following the sale, the director now owns 9,268 shares of the company's stock, valued at approximately $1,362,859.40. The trade was a 17.63 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Royal Gold Stock Up 2.8 %

Shares of Royal Gold stock traded up $3.87 on Thursday, hitting $141.33. 459,267 shares of the company traded hands, compared to its average volume of 370,203. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10. The company has a 50-day moving average price of $140.01 and a 200 day moving average price of $140.58. The company has a market cap of $9.29 billion, a PE ratio of 32.42, a PEG ratio of 0.84 and a beta of 0.90.

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

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.27%. This is an increase from Royal Gold's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 3rd. Royal Gold's payout ratio is currently 41.28%.

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.