Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,260 shares of the basic materials company's stock, valued at approximately $298,000. Royal Gold makes up approximately 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in Royal Gold during the 3rd quarter valued at $62,000. Advisors Asset Management Inc. acquired a new stake in shares of Royal Gold in the third quarter valued at $38,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Royal Gold by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company's stock valued at $67,223,000 after buying an additional 1,641 shares during the last quarter. Citigroup Inc. lifted its position in Royal Gold by 92.4% during the 3rd quarter. Citigroup Inc. now owns 44,790 shares of the basic materials company's stock worth $6,284,000 after buying an additional 21,510 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company's stock worth $4,527,000 after acquiring an additional 17,227 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm'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 transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One investment 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, the stock has a consensus rating of "Hold" and a consensus target price of $168.86.

Royal Gold Stock Performance

Royal Gold stock traded up $0.75 during trading hours on Tuesday, reaching $164.26. 526,268 shares of the company's stock traded hands, compared to its average volume of 389,662. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $164.96. The firm's 50 day moving average is $149.17 and its 200-day moving average is $144.95.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced 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%. Analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The business 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 is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.10%. Royal Gold's dividend payout ratio 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.