Royal Gold, Inc. (NASDAQ:RGLD) Position Increased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lifted its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,913 shares of the basic materials company's stock after acquiring an additional 6,203 shares during the period. Beacon Pointe Advisors LLC's holdings in Royal Gold were worth $3,812,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold in the 4th quarter worth about $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Royal Gold during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp raised its holdings in Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after buying an additional 293 shares during the period. IFP Advisors Inc lifted its position in Royal Gold by 66.7% during 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 acquired a new position in Royal Gold during the fourth quarter valued at approximately $73,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of NASDAQ:RGLD traded down $1.57 during trading on Friday, hitting $176.51. The company's stock had a trading volume of 517,629 shares, compared to its average volume of 408,851. The company 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 fifty-two week low of $119.72 and a fifty-two week high of $191.78. The stock's 50-day moving average price is $164.63 and its two-hundred day moving average price is $150.74.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid 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 dividend payout ratio (DPR) is 35.71%.

Analysts Set New Price Targets

RGLD has been the subject of several recent research reports. Royal Bank of Canada dropped their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James boosted their price objective 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 research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price for the company. Finally, Jefferies Financial Group upgraded 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. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.00.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company 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.