Aquatic Capital Management LLC Sells 4,230 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Aquatic Capital Management LLC lessened its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,870 shares of the basic materials company's stock after selling 4,230 shares during the quarter. Aquatic Capital Management LLC's holdings in Royal Gold were worth $1,433,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its holdings in shares of Royal Gold by 0.4% during the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock worth $1,156,842,000 after acquiring an additional 37,648 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Royal Gold by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after purchasing an additional 89,298 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Gold by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after purchasing an additional 49,206 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Royal Gold by 1.1% during 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 buying an additional 5,067 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Royal Gold during the 4th quarter worth about $44,009,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's 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 completion of the transaction, the senior vice president now owns 9,360 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by corporate insiders.

Royal Gold Price Performance

NASDAQ:RGLD traded down $1.57 during trading hours on Friday, hitting $176.51. The company's stock had a trading volume of 517,629 shares, compared to its average volume of 409,384. The company has a market capitalization of $11.62 billion, a P/E ratio of 35.02, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a twelve month low of $119.72 and a twelve month high of $191.78. The stock has a fifty day simple moving average of $164.63 and a 200-day simple moving average of $150.76.

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 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%. On average, equities analysts predict 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 was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.02%. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RGLD shares. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target 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 on the stock in a research report on Friday, April 4th. BMO Capital Markets initiated coverage on Royal Gold in a research report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price target on the stock. Finally, Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $178.00.

About Royal Gold

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.