Fiduciary Financial Group LLC Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Fiduciary Financial Group LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,808 shares of the basic materials company's stock, valued at approximately $309,000.

Other hedge funds have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Royal Gold during the 4th quarter valued at about $42,000. Jones Financial Companies Lllp increased its position in shares of Royal Gold by 390.7% during the fourth 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 during the period. IFP Advisors Inc boosted its stake in shares of Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 158 shares in the last quarter. Human Investing LLC acquired a new stake in Royal Gold in the fourth quarter valued at approximately $73,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Royal Gold by 42.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 651 shares of the basic materials company's stock worth $86,000 after buying an additional 194 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RGLD shares. Canaccord Genuity Group lifted their price objective on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Royal Bank of Canada cut their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Finally, Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $166.00 to $189.00 in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and an average target price of $185.33.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company's stock.

Royal Gold Stock Up 1.8%

RGLD stock traded up $3.26 during trading on Friday, hitting $182.29. 1,697,487 shares of the company's stock traded hands, compared to its average volume of 432,225. Royal Gold, Inc. has a 52 week low of $120.00 and a 52 week high of $191.78. The stock has a fifty day moving average price of $178.15 and a two-hundred day moving average price of $157.11. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 3.42 and a beta of 0.44.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share 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 business had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company's quarterly revenue was up 29.9% compared to the same quarter last year. As a group, equities research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 29.80%.

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.