First Hawaiian Bank Invests $548,000 in Royal Gold, Inc. (NASDAQ:RGLD)

First Hawaiian Bank purchased a new position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,349 shares of the basic materials company's stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGLD. Exchange Traded Concepts LLC purchased a new position in Royal Gold during the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Royal Gold during the fourth quarter valued at $42,000. Jones Financial Companies Lllp raised its position in shares of Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc raised its position in shares of Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares during the last quarter. Finally, Human Investing LLC bought a new position in Royal Gold in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Royal Gold Trading Up 4.8%

RGLD stock traded up $8.59 on Monday, hitting $186.71. The company had a trading volume of 602,894 shares, compared to its average volume of 421,186. Royal Gold, Inc. has a 12-month low of $119.72 and a 12-month high of $191.78. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 3.42 and a beta of 0.48. The stock's 50-day simple moving average is $174.31 and its 200 day simple moving average is $154.82.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the business posted $0.91 EPS. The company's revenue for the quarter was up 29.9% on a year-over-year basis. Research 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 announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be given a $0.45 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 0.96%. Royal Gold's payout ratio is 29.80%.

Insider Buying and Selling at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were 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 $1,450,612.80. This represents a 12.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company's stock.

Analyst Ratings Changes

RGLD has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of 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 target on shares of Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada lowered their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Finally, Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. One 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $183.13.

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.