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

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

A number of other large investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new position in shares of Royal Gold in the 4th quarter worth $570,000. Gotham Asset Management LLC lifted its holdings in shares of Royal Gold by 22.9% in the 4th quarter. Gotham Asset Management LLC now owns 56,310 shares of the basic materials company's stock worth $7,424,000 after purchasing an additional 10,482 shares in the last quarter. Greenline Partners LLC bought a new position in shares of Royal Gold in the 4th quarter worth $251,000. Focus Partners Wealth lifted its holdings in shares of Royal Gold by 23.6% in the 4th quarter. Focus Partners Wealth now owns 5,589 shares of the basic materials company's stock worth $737,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Ethic Inc. lifted its holdings in shares of Royal Gold by 4.2% in the 4th quarter. Ethic Inc. now owns 20,489 shares of the basic materials company's stock worth $2,702,000 after purchasing an additional 819 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGLD has been the topic of a number of recent research reports. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James lifted 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. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday. CIBC lifted 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. Finally, Royal Bank of Canada cut their price objective 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $183.13.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction 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 sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD traded down $1.91 during mid-day trading on Tuesday, reaching $178.68. 323,458 shares of the company's stock were exchanged, compared to its average volume of 418,242. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 52 week low of $119.72 and a 52 week high of $191.78. The firm has a 50-day moving average price of $173.09 and a two-hundred day moving average price of $153.94.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.14. The company had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The business'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 posted $0.91 EPS. As a group, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 dividend yield of 1.01%. The ex-dividend date is Thursday, July 3rd. Royal Gold's payout ratio is 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.