Kopernik Global Investors LLC Has $68.32 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Kopernik Global Investors LLC reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 518,178 shares of the basic materials company's stock after selling 10,059 shares during the period. Royal Gold makes up about 7.4% of Kopernik Global Investors LLC's investment portfolio, making the stock its 5th largest position. Kopernik Global Investors LLC owned about 0.79% of Royal Gold worth $68,322,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RGLD. Townsquare Capital LLC lifted its stake in shares of Royal Gold by 12.9% in the fourth quarter. Townsquare Capital LLC now owns 2,275 shares of the basic materials company's stock valued at $300,000 after buying an additional 260 shares during the period. Distillate Capital Partners LLC acquired a new position in Royal Gold in the 4th quarter valued at approximately $15,258,000. Sterling Capital Management LLC lifted its position in shares of Royal Gold by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,892 shares of the basic materials company's stock worth $513,000 after acquiring an additional 1,387 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Royal Gold by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 28,873 shares of the basic materials company's stock worth $3,807,000 after purchasing an additional 180 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Royal Gold by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 94 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business's 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 completion of the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Royal Gold Price Performance

Shares of NASDAQ:RGLD traded down $1.55 during midday trading on Friday, reaching $184.90. The company's stock had a trading volume of 566,791 shares, compared to its average volume of 403,132. The business's fifty day simple moving average is $157.56 and its 200-day simple moving average is $147.64. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $191.22. The company has a market capitalization of $12.17 billion, a P/E ratio of 36.69, a P/E/G 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 for the quarter, beating the consensus estimate 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, analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were paid a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 0.97%. Royal Gold's dividend payout ratio (DPR) is currently 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.