America First Investment Advisors LLC Decreases Stake in Royal Gold, Inc. (NASDAQ:RGLD)

America First Investment Advisors LLC lowered its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,831 shares of the basic materials company's stock after selling 2,838 shares during the quarter. Royal Gold makes up approximately 4.6% of America First Investment Advisors LLC's portfolio, making the stock its 13th largest holding. America First Investment Advisors LLC owned about 0.24% of Royal Gold worth $21,206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Royal Gold in the 4th quarter worth about $18,427,000. Raymond James Financial Inc. bought a new position in Royal Gold during the fourth quarter worth about $11,998,000. Vanguard Group Inc. increased its stake in shares of Royal Gold by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock worth $877,058,000 after purchasing an additional 89,298 shares in the last quarter. Bank of Montreal Can grew its stake in 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 valued at $18,049,000 after buying an additional 83,015 shares in the last quarter. Finally, Swedbank AB bought a new stake in Royal Gold during the 3rd quarter valued at $11,246,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 0.6 %

Shares of RGLD traded up $0.89 during trading hours on Friday, reaching $162.19. 525,406 shares of the company's stock traded hands, compared to its average volume of 387,226. The firm's 50 day simple moving average is $148.67 and its 200-day simple moving average is $144.67. The stock has a market cap of $10.67 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 12 month low of $118.00 and a 12 month high of $164.18.

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Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 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 expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given 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 1.11%. Royal Gold's payout ratio is 35.71%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the 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 $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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and increased their price objective 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $168.86.

Royal Gold Company 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.