Nuveen Asset Management LLC Sells 39,452 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Nuveen Asset Management LLC decreased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,192 shares of the basic materials company's stock after selling 39,452 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.35% of Royal Gold worth $30,351,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of Royal Gold in the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold during the fourth quarter valued at about $42,000. Jones Financial Companies Lllp grew its position in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after buying an additional 293 shares during the period. IFP Advisors Inc grew its position in 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 buying an additional 158 shares during the period. Finally, Human Investing LLC bought a new position in Royal Gold during the fourth quarter valued at about $73,000. 83.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RGLD has been the subject of several research reports. 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 research report on Thursday, May 8th. Royal Bank of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. BMO Capital Markets started coverage on shares of Royal Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price for the company. Raymond James lifted their price target on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Royal Gold Trading Up 1.2%

RGLD opened at $179.70 on Thursday. Royal Gold, Inc. has a 12-month low of $119.72 and a 12-month high of $191.78. The stock has a market capitalization of $11.83 billion, a P/E ratio of 35.65, a PEG ratio of 3.42 and a beta of 0.48. The stock has a 50-day moving average price of $171.15 and a 200-day moving average price of $153.01.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. The company had revenue of $193.44 million during 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%. The firm's revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

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

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