Rhumbline Advisers Buys 3,286 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Rhumbline Advisers grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,029 shares of the basic materials company's stock after acquiring an additional 3,286 shares during the quarter. Rhumbline Advisers owned 0.27% of Royal Gold worth $23,605,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Exchange Traded Concepts LLC acquired a new position in Royal Gold in the fourth quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in Royal Gold in the third quarter valued at about $36,000. Advisors Asset Management Inc. acquired a new position in Royal Gold in the third quarter valued at about $38,000. Nomura Asset Management Co. Ltd. raised its stake in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Royal Gold by 51.7% in the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Insider Activity

In related news, SVP Daniel Breeze sold 549 shares of the company'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 sale, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RGLD shares. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their price target for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. 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 note on Monday, November 11th. Finally, TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $168.86.

Royal Gold Stock Performance

Shares of Royal Gold stock traded down $3.44 on Friday, hitting $148.80. The stock had a trading volume of 228,635 shares, compared to its average volume of 431,396. The stock has a 50 day moving average of $139.50 and a 200 day moving average of $141.52. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.64. The firm has a market capitalization of $9.79 billion, a P/E ratio of 29.53, a PEG ratio of 3.35 and a beta of 0.90.

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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Equities analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

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.