BLI Banque de Luxembourg Investments Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

BLI Banque de Luxembourg Investments bought a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to its most recent filing with the SEC. The firm bought 210,000 shares of the basic materials company's stock, valued at approximately $27,536,000. BLI Banque de Luxembourg Investments owned approximately 0.32% of Royal Gold as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Royal Gold during the fourth quarter valued at approximately $44,009,000. Arrowstreet Capital Limited Partnership boosted its position in Royal Gold by 181.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after acquiring an additional 194,905 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock valued at $135,730,000 after purchasing an additional 168,569 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Royal Gold by 18.1% in the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock worth $131,412,000 after acquiring an additional 152,599 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Royal Gold during the fourth quarter worth about $18,427,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

RGLD traded up $5.29 during trading on Tuesday, reaching $184.53. The company's stock had a trading volume of 501,246 shares, compared to its average volume of 410,455. The company's fifty day moving average price is $166.00 and its 200-day moving average price is $151.20. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78.

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

Royal Gold Announces Dividend

The firm 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. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's payout ratio is currently 35.71%.

Wall Street Analyst Weigh In

RGLD has been the topic of several recent analyst reports. BMO Capital Markets started coverage on Royal Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price target on the stock. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Royal Bank of Canada lowered their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Raymond James increased their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Finally, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and boosted 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 six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $178.00.

Insider Activity at Royal Gold

In other 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 sale, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is 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.