Royal Gold, Inc. (NASDAQ:RGLD) Holdings Lifted by Capital International Sarl

Capital International Sarl raised its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 36.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,872 shares of the basic materials company’s stock after acquiring an additional 2,613 shares during the quarter. Capital International Sarl’s holdings in Royal Gold were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Royal Gold during the 4th quarter valued at $741,000. Arizona State Retirement System raised its stake in shares of Royal Gold by 0.8% during the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company’s stock valued at $2,515,000 after purchasing an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $63,843,000 after acquiring an additional 5,067 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Royal Gold by 1.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company’s stock valued at $1,715,000 after buying an additional 199 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Royal Gold during the 4th quarter worth $455,000. Institutional investors own 83.65% of the company’s stock.

Insider Activity

In related news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RGLD. BMO Capital Markets initiated coverage on shares of Royal Gold in a report on Wednesday. They set a “market perform” rating and a $196.00 price target on the stock. Raymond James raised their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

Royal Gold Trading Down 0.8 %

Shares of RGLD stock opened at $184.90 on Friday. The firm’s fifty day simple moving average is $158.36 and its 200 day simple moving average is $147.98. Royal Gold, Inc. has a 1 year low of $118.00 and a 1 year high of $191.22. The firm has a market capitalization of $12.17 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

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.