Fiduciary Financial Group LLC Invests $309,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Fiduciary Financial Group LLC acquired a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,808 shares of the basic materials company's stock, valued at approximately $309,000.

Several other large investors have also modified their holdings of RGLD. GAMMA Investing LLC grew its holdings in shares of Royal Gold by 17,722.4% during the first quarter. GAMMA Investing LLC now owns 457,501 shares of the basic materials company's stock worth $74,806,000 after purchasing an additional 454,934 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Royal Gold during the 4th quarter worth $55,825,000. Norges Bank purchased a new position in Royal Gold during the 4th quarter worth $44,009,000. BLI Banque de Luxembourg Investments acquired a new position in Royal Gold in the fourth quarter valued at $27,536,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock valued at $39,846,000 after purchasing an additional 194,905 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the sale, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RGLD shares. Royal Bank of Canada lowered their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. CIBC lifted their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price target on Royal Gold from $202.00 to $203.00 in a report on Wednesday. Finally, Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $185.33.

Royal Gold Trading Up 2.6%

Shares of NASDAQ RGLD traded up $4.60 during mid-day trading on Thursday, reaching $179.16. The company had a trading volume of 122,417 shares, compared to its average volume of 424,621. 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 $11.79 billion, a PE ratio of 35.55, a P/E/G ratio of 3.42 and a beta of 0.44. The company has a 50-day moving average price of $177.17 and a two-hundred day moving average price of $156.55.

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

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio is currently 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.