MGO One Seven LLC Makes New $223,000 Investment in Royal Gold, Inc. (NASDAQ:RGLD)

MGO One Seven LLC acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,692 shares of the basic materials company's stock, valued at approximately $223,000.

Several other hedge funds also recently made changes to their positions in RGLD. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Gold in the fourth quarter worth approximately $741,000. Arizona State Retirement System lifted its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $63,843,000 after purchasing an additional 5,067 shares during the period. Commonwealth Equity Services LLC increased its stake in Royal Gold by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after purchasing an additional 199 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Royal Gold during the 4th quarter worth about $455,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Trading Down 0.9 %

NASDAQ RGLD traded down $1.57 during trading on Friday, reaching $176.51. The company's stock had a trading volume of 517,629 shares, compared to its average volume of 408,851. The stock has a market capitalization of $11.62 billion, a PE ratio of 35.02, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a 1-year low of $119.72 and a 1-year high of $191.78. The business has a 50-day moving average price of $164.63 and a 200-day moving average price of $150.74.

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 EPS for the quarter, topping 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%. As a group, analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.02%. Royal Gold's payout ratio is currently 35.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Raymond James boosted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and boosted their target price for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. BMO Capital Markets started coverage on Royal Gold in a report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price target on the stock. Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $166.00 to $189.00 in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $178.00.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was 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. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% 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.