Vanguard Group Inc. Has $877.06 Million Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Vanguard Group Inc. grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,651,935 shares of the basic materials company's stock after acquiring an additional 89,298 shares during the quarter. Vanguard Group Inc. owned about 10.12% of Royal Gold worth $877,058,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RGLD. Proficio Capital Partners LLC bought a new stake in shares of Royal Gold during the fourth quarter valued at approximately $18,427,000. Raymond James Financial Inc. bought a new stake in shares of Royal Gold during the fourth quarter valued at about $11,998,000. Bank of Montreal Can lifted its holdings in Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company's stock worth $18,049,000 after purchasing an additional 83,015 shares during the period. FMR LLC grew its position in Royal Gold by 35.3% in the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company's stock valued at $25,074,000 after buying an additional 46,615 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Royal Gold by 271.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 61,938 shares of the basic materials company's stock valued at $8,166,000 after acquiring an additional 45,258 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their target price for the stock 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $168.86.

Royal Gold Trading Up 0.5 %

RGLD stock traded up $0.75 during midday trading on Tuesday, reaching $164.26. The company had a trading volume of 526,269 shares, compared to its average volume of 389,662. The company has a 50 day moving average of $149.17 and a two-hundred day moving average of $144.95. Royal Gold, Inc. has a 1 year low of $118.00 and a 1 year high of $164.96. The company has a market capitalization of $10.80 billion, a P/E ratio of 32.59, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share 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, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.10%. Royal Gold's dividend payout ratio (DPR) is 35.71%.

Insider Buying and Selling

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

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.