Sprott Inc. boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 29.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,713 shares of the basic materials company's stock after buying an additional 13,482 shares during the period. Sprott Inc. owned approximately 0.09% of Royal Gold worth $7,873,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC bought a new stake in Royal Gold during the fourth quarter worth about $25,000. Point72 Hong Kong Ltd bought a new stake in Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. bought a new stake in Royal Gold during the third quarter worth about $38,000. Nomura Asset Management Co. Ltd. lifted its stake in 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 last quarter. Finally, Larson Financial Group LLC lifted its stake in Royal Gold by 51.7% during the third quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company's stock worth $51,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 83.65% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on RGLD. Raymond James lifted their price target on Royal Gold from $184.00 to $186.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $168.86.
Get Our Latest Stock Analysis on Royal Gold
Insiders Place Their Bets
In related news, SVP Daniel Breeze sold 549 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company's stock.
Royal Gold Price Performance
NASDAQ:RGLD traded up $1.96 during mid-day trading on Friday, reaching $147.00. 377,621 shares of the company's stock traded hands, compared to its average volume of 370,861. Royal Gold, Inc. has a 12-month low of $101.94 and a 12-month high of $155.64. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.42 and a beta of 0.90. The company has a 50 day moving average price of $140.55 and a 200-day moving average price of $142.32.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (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, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.
Royal Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold's dividend payout ratio (DPR) is 35.71%.
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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