Wealthfront Advisers LLC Buys New Position in Royal Gold, Inc. (NASDAQ:RGLD)

Wealthfront Advisers LLC bought a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 14,205 shares of the basic materials company's stock, valued at approximately $1,873,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RGLD. Arizona State Retirement System increased its stake in shares of Royal Gold by 0.8% in the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock worth $2,515,000 after acquiring an additional 149 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Royal Gold by 187.5% in the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company's stock worth $18,049,000 after acquiring an additional 83,015 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Royal Gold by 213.1% in the 3rd quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company's stock worth $1,130,000 after acquiring an additional 5,480 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Royal Gold in the 3rd quarter worth about $1,201,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Royal Gold by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after acquiring an additional 5,067 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

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Royal Gold Trading Up 0.1 %

NASDAQ:RGLD traded up $0.11 on Wednesday, reaching $154.76. 541,708 shares of the stock traded hands, compared to its average volume of 367,471. The company's fifty day simple moving average is $145.13 and its 200 day simple moving average is $143.55. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 12 month low of $107.33 and a 12 month high of $158.94.

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 net margin of 46.15% and a return on equity of 11.46%. Equities analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, April 4th. Royal Gold's payout ratio is presently 35.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the stock 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 given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Royal Gold has an average rating of "Hold" and an average price target of $168.86.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were 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 of the company's stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.52% of the company's stock.

Royal Gold Company 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.