Royal Gold (NASDAQ:RGLD) Reaches New 1-Year High - What's Next?

Shares of Royal Gold, Inc. (NASDAQ:RGLD - Get Free Report) TSE: RGL reached a new 52-week high during mid-day trading on Monday . The company traded as high as $159.23 and last traded at $156.01, with a volume of 74393 shares changing hands. The stock had previously closed at $157.01.

Analyst Upgrades and Downgrades

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

Royal Gold Stock Performance

The stock 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. The company's 50-day moving average price is $147.29 and its 200 day moving average price is $144.26.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

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Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. Royal Gold's payout ratio is currently 35.71%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction on 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 directly owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On Royal Gold

Several institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold in the third quarter valued at approximately $36,000. Advisors Asset Management Inc. purchased a new stake in Royal Gold during the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. boosted its position in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock valued at $41,000 after buying an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Company 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.