Alliancebernstein L.P. increased its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,451 shares of the basic materials company's stock after buying an additional 3,583 shares during the quarter. Alliancebernstein L.P. owned 0.15% of Royal Gold worth $12,585,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $44,009,000. Arrowstreet Capital Limited Partnership boosted its stake in Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after purchasing an additional 194,905 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Royal Gold during the fourth quarter worth $18,427,000. Raymond James Financial Inc. bought a new stake in shares of Royal Gold during the fourth quarter worth $11,998,000. Finally, 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 valued at $877,058,000 after buying an additional 89,298 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on RGLD. Jefferies Financial Group raised shares of 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. Raymond James increased 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. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $166.00 to $189.00 in a research report on Monday. Finally, Royal Bank of Canada decreased their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.75.
Check Out Our Latest Research Report on Royal Gold
Insider Buying and Selling at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company's stock.
Royal Gold Stock Performance
RGLD traded up $1.03 during midday trading on Tuesday, reaching $182.83. 96,736 shares of the company were exchanged, compared to its average volume of 400,949. The stock has a market capitalization of $12.03 billion, a P/E ratio of 36.26, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a one year low of $118.00 and a one year high of $186.50. The stock's 50-day simple moving average is $155.17 and its 200 day simple moving average is $146.80.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating 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 Dividend Announcement
The firm also recently announced 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 is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 0.98%. Royal Gold's dividend payout ratio is presently 35.71%.
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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