Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 271.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,938 shares of the basic materials company's stock after purchasing an additional 45,258 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Royal Gold worth $8,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Gold in the fourth quarter valued at approximately $741,000. Arizona State Retirement System increased its position in shares of Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock valued at $2,515,000 after acquiring an additional 149 shares during the last quarter. Bank of Montreal Can raised its stake in shares of 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 acquiring an additional 83,015 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company's stock worth $1,130,000 after acquiring an additional 5,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Royal Gold during the 3rd quarter worth approximately $1,201,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and raised their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $168.86.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD traded up $3.06 during trading hours on Tuesday, hitting $160.23. The company had a trading volume of 435,099 shares, compared to its average volume of 371,038. The business has a 50 day moving average of $147.29 and a 200-day moving average of $144.26. Royal Gold, Inc. has a 1-year low of $110.01 and a 1-year high of $159.23. The company has a market cap of $10.54 billion, a PE ratio of 31.79, 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 results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal 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. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

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.