Centiva Capital LP Reduces Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Centiva Capital LP lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 60.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,781 shares of the basic materials company's stock after selling 4,305 shares during the period. Centiva Capital LP's holdings in Royal Gold were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Royal Gold in the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at $42,000. Jones Financial Companies Lllp lifted its stake in Royal Gold by 390.7% during the 4th 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 in the last quarter. IFP Advisors Inc grew its position in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 158 shares in the last quarter. Finally, Human Investing LLC purchased a new stake in Royal Gold during the fourth quarter worth about $73,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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 $1,450,612.80. This represents a 12.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Royal Gold Price Performance

Shares of NASDAQ:RGLD traded up $3.66 on Thursday, reaching $169.29. The company's stock had a trading volume of 416,312 shares, compared to its average volume of 415,515. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The stock has a market capitalization of $11.14 billion, a P/E ratio of 33.59, a PEG ratio of 3.42 and a beta of 0.48. The stock's 50-day moving average is $169.08 and its two-hundred day moving average is $152.16.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The business had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The business's revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. Equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio is presently 29.80%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RGLD. BMO Capital Markets assumed coverage on shares of Royal Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price objective for the company. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Royal Bank of Canada lowered their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. CIBC raised their price target on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Raymond James upped their price objective 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 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $183.00.

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.