28,400 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,400 shares of the basic materials company's stock, valued at approximately $3,745,000.

Several other hedge funds and other institutional investors have also modified their holdings of RGLD. Janney Montgomery Scott LLC boosted its position in shares of Royal Gold by 129.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,229 shares of the basic materials company's stock worth $1,612,000 after buying an additional 6,899 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold during the fourth quarter worth $25,000. Blue Trust Inc. boosted its position in shares of Royal Gold by 40.3% during the fourth quarter. Blue Trust Inc. now owns 574 shares of the basic materials company's stock worth $81,000 after buying an additional 165 shares during the period. KBC Group NV raised its stake in shares of Royal Gold by 1,904.4% in the fourth quarter. KBC Group NV now owns 33,874 shares of the basic materials company's stock valued at $4,466,000 after acquiring an additional 32,184 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Royal Gold by 9.5% in the fourth quarter. Pacer Advisors Inc. now owns 41,999 shares of the basic materials company's stock valued at $5,538,000 after acquiring an additional 3,634 shares in the last quarter. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. CIBC increased their price objective 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, Royal Bank of Canada reduced their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Gold currently has a consensus rating of "Moderate Buy" and an average price target of $183.13.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Royal Gold Stock Down 1.0%

Royal Gold stock traded down $1.74 during midday trading on Friday, reaching $177.66. The company's stock had a trading volume of 824,840 shares, compared to its average volume of 420,457. Royal Gold, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $191.78. The company has a market cap of $11.69 billion, a P/E ratio of 35.25, a P/E/G ratio of 3.42 and a beta of 0.48. The business has a 50-day simple moving average of $174.31 and a 200-day simple moving average of $154.82.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. During the same period last year, the firm earned $0.91 earnings per share. Royal Gold's quarterly revenue was up 29.9% on a year-over-year basis. As a group, equities analysts forecast 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 will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's payout ratio is 29.80%.

About Royal Gold

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.