Proficio Capital Partners LLC bought 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 13F filing with the SEC. The institutional investor bought 139,761 shares of the basic materials company's stock, valued at approximately $18,427,000. Proficio Capital Partners LLC owned about 0.21% of Royal Gold at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Royal Gold by 17.1% during the 4th quarter. M&T Bank Corp now owns 3,860 shares of the basic materials company's stock worth $509,000 after purchasing an additional 564 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $63,843,000 after purchasing an additional 5,067 shares during the period. DJE Kapital AG bought a new stake in shares of Royal Gold during the 4th quarter worth $2,561,000. SBI Securities Co. Ltd. bought a new stake in shares of Royal Gold during the 4th quarter worth $414,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Royal Gold by 390.7% during the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
Royal Gold Trading Down 0.3 %
Shares of RGLD stock traded down $0.44 during mid-day trading on Tuesday, reaching $154.65. The stock had a trading volume of 525,377 shares, compared to its average volume of 366,779. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $158.40. The stock's 50-day moving average price is $144.71 and its two-hundred day moving average price is $143.45. The firm has a market capitalization of $10.17 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.
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 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 research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.
Royal Gold Dividend Announcement
The company also recently announced 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. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Royal Gold's dividend payout ratio is presently 35.71%.
Insider Transactions at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company's stock.
Analyst Ratings Changes
Separately, Jefferies Financial Group upgraded shares of 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 research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $168.86.
Check Out Our Latest Stock Analysis on RGLD
Royal Gold Profile
(
Free Report)
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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