Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,220 shares of the basic materials company's stock after purchasing an additional 4,452 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.11% of Royal Gold worth $9,645,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the fourth quarter worth $42,000. Jones Financial Companies Lllp grew its holdings in 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 acquiring an additional 293 shares during the period. IFP Advisors Inc boosted its holdings in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after buying an additional 158 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Royal Gold during the 4th quarter valued at about $73,000. Institutional investors own 83.65% of the company's stock.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company's stock.

Royal Gold Stock Performance

NASDAQ RGLD traded down $4.72 during trading on Friday, reaching $178.89. The company's stock had a trading volume of 175,539 shares, compared to its average volume of 404,132. The business's fifty day moving average price is $161.11 and its 200-day moving average price is $149.14. Royal Gold, Inc. has a twelve month low of $118.61 and a twelve month high of $191.78. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal 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 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, April 4th. Royal Gold's payout ratio is 35.71%.

Analysts Set New Price Targets

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

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.