SBI Securities Co. Ltd. acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,143 shares of the basic materials company's stock, valued at approximately $414,000.
Several other large investors have also bought and sold shares of RGLD. Veracity Capital LLC boosted its stake in shares of Royal Gold by 5.0% in the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 76 shares in the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after purchasing an additional 93 shares during the last quarter. CIBC Asset Management Inc boosted its position in Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Royal Gold by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after buying an additional 100 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake 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 buying an additional 110 shares during the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on RGLD. Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and raised their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James increased their target price on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of "Hold" and an average target price of $168.86.
Get Our Latest Analysis on Royal Gold
Royal Gold Trading Up 2.7 %
NASDAQ:RGLD traded up $3.99 during trading hours on Friday, hitting $154.17. 557,511 shares of the company were exchanged, compared to its average volume of 369,276. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $155.64. The company has a fifty day simple moving average of $142.19 and a 200 day simple moving average of $142.86.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued 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%. Equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.
Insider Activity
In other news, SVP Daniel Breeze sold 549 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now directly owns 16,293 shares of the company's stock, valued at $2,443,950. The trade was a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company's stock.
About Royal Gold
(
Free Report)
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.
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