Premier Fund Managers Ltd Has $181,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Premier Fund Managers Ltd lowered its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 81.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,382 shares of the basic materials company's stock after selling 5,911 shares during the period. Premier Fund Managers Ltd's holdings in Royal Gold were worth $181,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Royal Gold during the third quarter valued at $36,000. Advisors Asset Management Inc. acquired a new position in Royal Gold during the third quarter valued at $38,000. Nomura Asset Management Co. Ltd. lifted its stake in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after acquiring an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Royal Gold during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Activity

In related news, SVP Randy Shefman sold 1,300 shares of the 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 completion of the transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Royal Gold has an average rating of "Hold" and an average price target of $168.86.

Royal Gold Stock Up 0.2 %

NASDAQ RGLD traded up $0.25 during trading on Wednesday, hitting $164.51. The company's stock had a trading volume of 153,149 shares, compared to its average volume of 388,758. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $165.23. The firm has a market cap of $10.82 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The firm has a 50 day moving average price of $149.64 and a 200 day moving average price of $145.10.

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

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, April 4th. Royal Gold's dividend payout ratio is 35.71%.

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.