Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 71.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,412 shares of the basic materials company's stock after selling 28,666 shares during the period. Cubist Systematic Strategies LLC's holdings in Royal Gold were worth $1,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGLD. Bridgefront Capital LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $536,000. Captrust Financial Advisors increased its stake in Royal Gold by 22.1% in the fourth quarter. Captrust Financial Advisors now owns 4,916 shares of the basic materials company's stock valued at $648,000 after purchasing an additional 890 shares during the period. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Royal Gold in the fourth quarter valued at about $1,318,000. Baird Financial Group Inc. boosted its stake in shares of Royal Gold by 1.2% during the fourth quarter. Baird Financial Group Inc. now owns 89,322 shares of the basic materials company's stock worth $11,777,000 after buying an additional 1,069 shares during the period. Finally, BLI Banque de Luxembourg Investments acquired a new stake in shares of Royal Gold during the fourth quarter worth about $27,536,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 directly owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RGLD shares. BMO Capital Markets initiated coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price objective for the company. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their price objective on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Royal Bank of Canada lowered their price target 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Royal Gold Trading Up 1.1%

NASDAQ RGLD traded up $1.85 during trading hours on Friday, reaching $171.14. 606,748 shares of the company traded hands, compared to its average volume of 416,566. The stock has a market capitalization of $11.26 billion, a PE ratio of 33.96, a PEG ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The company has a 50 day moving average of $169.43 and a two-hundred day moving average of $152.29.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. The firm had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, equities research 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 disclosed 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 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

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.