Northstar Financial Companies Inc. Buys Shares of 1,853 Royal Gold, Inc. (NASDAQ:RGLD)

Northstar Financial Companies Inc. purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,853 shares of the basic materials company's stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $42,000. Jones Financial Companies Lllp raised its holdings 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 valued at $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc raised its holdings 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 valued at $52,000 after purchasing an additional 158 shares during the period. Finally, Human Investing LLC bought a new stake in shares of Royal Gold in the 4th quarter valued at about $73,000. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Down 1.0%

Shares of RGLD traded down $1.74 during mid-day trading on Friday, hitting $177.66. 824,840 shares of the company's stock were exchanged, compared to its average volume of 420,457. Royal Gold, Inc. has a 52 week low of $119.72 and a 52 week high of $191.78. The stock's 50-day simple moving average is $174.31 and its 200-day simple moving average is $154.82. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 35.25, 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 posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $193.44 million for the quarter, compared to analyst estimates 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 for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.01%. Royal Gold's dividend payout ratio is 29.80%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James increased their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. 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. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. CIBC increased their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada lowered their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. One investment 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.13.

Insider Buying and Selling

In related 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 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 trade represents a 12.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

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.