Raymond James Financial Inc. acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90,997 shares of the basic materials company's stock, valued at approximately $11,998,000. Raymond James Financial Inc. owned 0.14% of Royal Gold as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC raised its holdings in Royal Gold by 14.4% in the third quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company's stock valued at $2,147,000 after acquiring an additional 1,931 shares in the last quarter. Claro Advisors LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $229,000. Thrivent Financial for Lutherans raised its holdings in Royal Gold by 5.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the basic materials company's stock valued at $2,340,000 after acquiring an additional 798 shares in the last quarter. Quest Partners LLC acquired a new stake in Royal Gold in the third quarter valued at approximately $62,000. Finally, Premier Fund Managers Ltd acquired a new stake in Royal Gold in the third quarter valued at approximately $1,034,000. Hedge funds and other institutional investors own 83.65% of the company's stock.
Royal Gold Stock Performance
RGLD stock traded up $1.72 during midday trading on Friday, reaching $157.01. 1,404,647 shares of the company were exchanged, compared to its average volume of 371,175. Royal Gold, Inc. has a 1-year low of $110.01 and a 1-year high of $158.94. The stock's 50-day simple moving average is $146.33 and its 200 day simple moving average is $143.89. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 31.15, 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 released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share 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%. On average, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.
Royal Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. 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 1.15%. Royal Gold's payout ratio is currently 35.71%.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the company 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 given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $168.86.
Read Our Latest Research Report on Royal Gold
Insiders Place Their Bets
In other news, SVP Randy Shefman sold 1,300 shares of the firm'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 transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.
About Royal Gold
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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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