Renaissance Technologies LLC decreased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,942 shares of the basic materials company's stock after selling 52,900 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of Royal Gold worth $51,809,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold in the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. increased its holdings 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 valued at $41,000 after buying an additional 110 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold during the 4th quarter worth approximately $42,000. 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 period. Finally, IFP Advisors Inc boosted its position in shares of Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 83.65% of the company's stock.
Royal Gold Trading Up 0.7 %
Shares of RGLD traded up $1.31 during trading hours on Tuesday, reaching $183.11. 168,489 shares of the stock traded hands, compared to its average volume of 401,243. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $186.50. The stock has a fifty day simple moving average of $155.17 and a 200 day simple moving average of $146.80. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 3.42 and a beta of 0.77.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced 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%. Analysts predict that Royal Gold, Inc. will post 6.2 earnings per share 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's dividend payout ratio is currently 35.71%.
Insider Activity at Royal Gold
In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
RGLD has been the subject of several research analyst reports. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a research report on Monday. Royal Bank of Canada cut their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Raymond James raised their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and an average price target of $174.75.
Get Our Latest Analysis on RGLD
About Royal Gold
(
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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