Royal Gold, Inc. (NASDAQ:RGLD) is Armor Advisors L.L.C.'s 8th Largest Position

Armor Advisors L.L.C. decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 66.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,358 shares of the basic materials company's stock after selling 66,000 shares during the quarter. Royal Gold makes up 4.6% of Armor Advisors L.L.C.'s holdings, making the stock its 8th biggest position. Armor Advisors L.L.C. owned about 0.05% of Royal Gold worth $4,398,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RGLD. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp increased its holdings in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc raised its position in shares of Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after buying an additional 158 shares in the last quarter. Finally, Human Investing LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at approximately $73,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Performance

Shares of RGLD stock traded down $1.88 during mid-day trading on Wednesday, hitting $182.65. The company's stock had a trading volume of 644,553 shares, compared to its average volume of 411,388. Royal Gold, Inc. has a 52 week low of $119.72 and a 52 week high of $191.78. The company's fifty day simple moving average is $166.00 and its 200-day simple moving average is $151.20. The company has a market cap of $12.02 billion, a PE ratio of 36.24, a P/E/G ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data 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%. On average, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is currently 35.71%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and raised their target price for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Raymond James upped their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. 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 for the company. Royal Bank of Canada lowered their target price 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 upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $166.00 to $189.00 in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $178.00.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 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.