Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by KBC Group NV

KBC Group NV increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1,904.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,874 shares of the basic materials company's stock after buying an additional 32,184 shares during the quarter. KBC Group NV owned about 0.05% of Royal Gold worth $4,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Royal Gold by 40.3% during the fourth quarter. Blue Trust Inc. now owns 574 shares of the basic materials company's stock worth $81,000 after buying an additional 165 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $25,000. Veracity Capital LLC boosted its position in shares of Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock worth $209,000 after purchasing an additional 76 shares during the period. Janney Montgomery Scott LLC increased its holdings in Royal Gold by 129.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,229 shares of the basic materials company's stock valued at $1,612,000 after purchasing an additional 6,899 shares during the last quarter. Finally, Barlow Wealth Partners Inc. raised its position in Royal Gold by 5.9% in the fourth quarter. Barlow Wealth Partners Inc. now owns 110,872 shares of the basic materials company's stock valued at $15,166,000 after purchasing an additional 6,169 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William M. Hayes sold 1,984 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $147.05, for a total transaction of $291,747.20. Following the completion of the transaction, the director now directly owns 9,268 shares in the company, valued at $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Royal Gold Stock Performance

Shares of RGLD traded down $1.51 during midday trading on Friday, hitting $139.82. The company had a trading volume of 629,180 shares, compared to its average volume of 383,149. Royal Gold, Inc. has a 1 year low of $100.55 and a 1 year high of $155.10. The firm has a market capitalization of $9.19 billion, a P/E ratio of 32.07, a P/E/G ratio of 0.83 and a beta of 0.90. The company's 50-day simple moving average is $139.69 and its 200-day simple moving average is $140.61.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.13. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. The company had revenue of $193.84 million during the quarter, compared to the consensus estimate of $184.12 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm's quarterly revenue was up 39.8% on a year-over-year basis. Equities analysts predict that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Royal Gold's previous quarterly dividend of $0.40. Royal Gold's payout ratio is presently 41.28%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James raised their price target on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, TD Securities lifted their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $168.86.

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.