PKO Investment Management Joint Stock Co Has $3.99 Million Stake in Royal Gold, Inc. (NASDAQ:RGLD)

PKO Investment Management Joint Stock Co cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,400 shares of the basic materials company's stock after selling 4,000 shares during the period. PKO Investment Management Joint Stock Co's holdings in Royal Gold were worth $3,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RGLD. Empowered Funds LLC bought a new stake in Royal Gold during the fourth quarter worth approximately $254,000. Rhumbline Advisers increased its holdings in shares of Royal Gold by 1.9% in the fourth quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company's stock valued at $23,605,000 after buying an additional 3,286 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in shares of Royal Gold by 10.7% in the fourth quarter. Everhart Financial Group Inc. now owns 2,001 shares of the basic materials company's stock valued at $264,000 after buying an additional 194 shares in the last quarter. Allworth Financial LP raised its stake in Royal Gold by 2,950.0% during the 4th quarter. Allworth Financial LP now owns 2,318 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 2,242 shares during the period. Finally, Human Investing LLC acquired a new stake in Royal Gold during the 4th quarter valued at $73,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RGLD. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Scotiabank upgraded 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. Canaccord Genuity Group upped their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Royal Bank Of Canada decreased their price target 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, Raymond James Financial upped their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Royal Gold presently has an average rating of "Moderate Buy" and an average target price of $185.33.

Royal Gold Trading Down 0.4%

NASDAQ:RGLD traded down $0.67 during mid-day trading on Wednesday, hitting $179.13. The company's stock had a trading volume of 344,442 shares, compared to its average volume of 434,761. Royal Gold, Inc. has a fifty-two week low of $122.17 and a fifty-two week high of $191.78. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 1.32 and a beta of 0.44. The stock has a fifty day moving average of $179.23 and a 200-day moving average of $157.73.

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 firm had revenue of $193.44 million during the quarter, compared to analyst estimates of $176.17 million. Royal Gold had a net margin of 52.15% and a return on equity of 12.48%. The company's quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, equities analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend 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.