NewEdge Advisors LLC Purchases 2,052 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

NewEdge Advisors LLC lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,955 shares of the basic materials company's stock after acquiring an additional 2,052 shares during the quarter. NewEdge Advisors LLC owned approximately 0.05% of Royal Gold worth $4,345,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Royal Gold during the 4th quarter valued at $741,000. Arizona State Retirement System grew its stake 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 worth $2,515,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Royal Gold by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock valued at $63,843,000 after purchasing an additional 5,067 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Royal Gold by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock valued at $1,715,000 after buying an additional 199 shares during the period. Finally, Merit Financial Group LLC acquired a new position in Royal Gold in the fourth quarter valued at about $455,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD traded down $1.51 on Wednesday, reaching $179.84. The company had a trading volume of 200,259 shares, compared to its average volume of 403,982. The company's fifty day moving average is $159.70 and its 200-day moving average is $148.60. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $191.78. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data 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%. On average, research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

Analyst Upgrades and Downgrades

RGLD has been the subject of a number of recent analyst reports. Raymond James upped their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Royal Bank of Canada lowered their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Finally, BMO Capital Markets initiated coverage on Royal Gold in a research note on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Royal Gold has a consensus rating of "Moderate Buy" and an average target price of $178.00.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

About Royal Gold

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.