Royce & Associates LP Has $833,000 Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Royce & Associates LP decreased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 73.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,320 shares of the basic materials company's stock after selling 17,500 shares during the period. Royce & Associates LP's holdings in Royal Gold were worth $833,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price objective for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Royal Gold has an average rating of "Hold" and an average target price of $168.86.

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Insider Transactions 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 shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by insiders.

Royal Gold Trading Up 1.9 %

Shares of Royal Gold stock traded up $3.06 during midday trading on Tuesday, reaching $160.23. The company had a trading volume of 435,099 shares, compared to its average volume of 371,038. The stock has a fifty day simple moving average of $147.29 and a 200 day simple moving average of $144.26. Royal Gold, Inc. has a 1-year low of $110.01 and a 1-year high of $159.23. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Sell-side analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 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.