Pring Turner Capital Group Inc. Has $2.93 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Pring Turner Capital Group Inc. increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,201 shares of the basic materials company's stock after purchasing an additional 2,244 shares during the period. Royal Gold accounts for about 2.0% of Pring Turner Capital Group Inc.'s investment portfolio, making the stock its 24th largest holding. Pring Turner Capital Group Inc.'s holdings in Royal Gold were worth $2,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake 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. Verition Fund Management LLC grew its position in Royal Gold by 213.1% in the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company's stock worth $1,130,000 after buying an additional 5,480 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Royal Gold in the third quarter valued at $1,201,000. Cerity Partners LLC lifted its position in shares of Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company's stock valued at $4,527,000 after acquiring an additional 17,227 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Royal Gold during the 4th quarter worth $455,000. Institutional investors own 83.65% of the company's stock.

Remove Ads

Royal Gold Stock Up 1.4 %

Shares of RGLD traded up $1.96 during trading hours on Friday, reaching $147.00. The company's stock had a trading volume of 377,621 shares, compared to its average volume of 371,435. The company has a 50 day moving average of $140.29 and a two-hundred day moving average of $142.22. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $101.76 and a 1-year high of $155.64.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James boosted their target price on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. TD Securities boosted their price objective on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One equities research 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $168.86.

Insiders Place Their Bets

In related news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was 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 owns 16,293 shares of the company's stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.52% of the company's stock.

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.