Twin Tree Management LP lowered its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,550 shares of the basic materials company's stock after selling 2,100 shares during the quarter. Twin Tree Management LP's holdings in Royal Gold were worth $1,259,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC raised its stake in Royal Gold by 14.4% in the 3rd quarter. Natixis Advisors LLC now owns 15,300 shares of the basic materials company's stock valued at $2,147,000 after purchasing an additional 1,931 shares during the last quarter. Claro Advisors LLC acquired a new stake in shares of Royal Gold in the third quarter valued at about $229,000. Thrivent Financial for Lutherans lifted its stake in shares of Royal Gold by 5.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the basic materials company's stock worth $2,340,000 after buying an additional 798 shares in the last quarter. Quest Partners LLC purchased a new stake in Royal Gold during the 3rd quarter valued at about $62,000. Finally, Premier Fund Managers Ltd acquired a new stake in Royal Gold in the 3rd quarter valued at about $1,034,000. Hedge funds and other institutional investors own 83.65% of the company's stock.
Insiders Place Their Bets
In other news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their price target for the company 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, Royal Gold currently has a consensus rating of "Hold" and an average target price of $168.86.
Read Our Latest Research Report on RGLD
Royal Gold Stock Performance
Shares of NASDAQ RGLD traded up $1.72 during midday trading on Friday, reaching $157.01. 1,404,647 shares of the stock were exchanged, compared to its average volume of 370,883. The stock has a market capitalization of $10.32 billion, a P/E ratio of 31.15, a PEG ratio of 3.42 and a beta of 0.84. The company has a 50 day simple moving average of $146.33 and a 200 day simple moving average of $143.83. Royal Gold, Inc. has a twelve month low of $108.95 and a twelve month high of $158.94.
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 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.
Royal Gold Announces Dividend
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 of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. Royal Gold's payout ratio is currently 35.71%.
Royal Gold Company Profile
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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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