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City Center Advisors LLC Purchases Shares of 1,981 Royal Gold, Inc. (NASDAQ:RGLD)

Royal Gold logo with Basic Materials background

City Center Advisors LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,981 shares of the basic materials company's stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGLD. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Gold in the fourth quarter valued at approximately $741,000. Arizona State Retirement System grew its holdings in Royal Gold by 0.8% during the 4th quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock worth $2,515,000 after acquiring an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after acquiring an additional 5,067 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Royal Gold by 1.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after buying an additional 199 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Royal Gold by 10.1% during the 4th quarter. US Bancorp DE now owns 3,215 shares of the basic materials company's stock worth $424,000 after buying an additional 295 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Ratings Changes

RGLD has been the subject of a number of recent analyst reports. Raymond James lifted their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Canaccord Genuity Group raised their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday. Wall Street Zen raised Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. 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. Finally, BMO Capital Markets set a $197.00 price objective on Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.33.

Check Out Our Latest Research Report on RGLD

Royal Gold Trading Up 0.5%

Shares of NASDAQ RGLD traded up $0.90 during midday trading on Wednesday, reaching $174.56. 603,578 shares of the company were exchanged, compared to its average volume of 527,104. The stock has a fifty day simple moving average of $176.79 and a 200 day simple moving average of $156.42. Royal Gold, Inc. has a 1 year low of $119.72 and a 1 year high of $191.78. The stock has a market cap of $11.49 billion, a P/E ratio of 34.63, a PEG ratio of 3.42 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The firm had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm's revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, 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. Investors of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.03%. Royal Gold's dividend payout ratio is presently 29.80%.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Royal Gold Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

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