Nomura Holdings Inc. Takes $1.15 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

Nomura Holdings Inc. purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,725 shares of the basic materials company's stock, valued at approximately $1,150,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RGLD. Norges Bank acquired a new position in shares of Royal Gold during the fourth quarter valued at $44,009,000. BLI Banque de Luxembourg Investments acquired a new stake in Royal Gold in the fourth quarter worth about $27,536,000. Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $39,846,000 after purchasing an additional 194,905 shares during the period. Northern Trust Corp lifted its holdings in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock worth $131,412,000 after purchasing an additional 152,599 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Royal Gold Trading Up 1.1%

Shares of Royal Gold stock opened at $171.14 on Monday. The company's 50-day moving average price is $169.77 and its two-hundred day moving average price is $152.46. Royal Gold, Inc. has a 52 week low of $119.72 and a 52 week high of $191.78. The stock has a market cap of $11.26 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued 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. The firm had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Royal Gold's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.05%. Royal Gold's payout ratio is presently 29.80%.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research analyst reports. Raymond James upped 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. CIBC upped their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price objective for the company. Royal Bank of Canada reduced their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business'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 sale, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.

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.

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