Polar Asset Management Partners Inc. Invests $868,000 in Royal Gold, Inc. (NASDAQ:RGLD)

Polar Asset Management Partners Inc. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,586 shares of the basic materials company's stock, valued at approximately $868,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RGLD. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the fourth quarter valued at $42,000. Jones Financial Companies Lllp lifted its stake in Royal Gold by 390.7% in 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 last quarter. IFP Advisors Inc boosted its holdings in shares of 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 acquiring an additional 158 shares during the period. Finally, Human Investing LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at $73,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RGLD. BMO Capital Markets started coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price objective on the stock. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James increased their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. CIBC raised their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada reduced their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. One investment 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value 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 Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Royal Gold Trading Up 2.6%

NASDAQ:RGLD traded up $4.46 during midday trading on Tuesday, hitting $177.56. 479,067 shares of the stock were exchanged, compared to its average volume of 416,918. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a one year low of $119.72 and a one year high of $191.78. The business has a 50-day moving average price of $170.64 and a two-hundred day moving average price of $152.83.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data 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. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company's quarterly revenue was up 29.9% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

About Royal Gold

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.