Quantinno Capital Management LP Grows Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Quantinno Capital Management LP grew its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,446 shares of the basic materials company's stock after acquiring an additional 2,510 shares during the quarter. Quantinno Capital Management LP's holdings in Royal Gold were worth $2,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in Royal Gold in the fourth quarter worth $455,000. UMB Bank n.a. lifted its holdings in shares of Royal Gold by 11.2% during the 4th quarter. UMB Bank n.a. now owns 1,273 shares of the basic materials company's stock worth $168,000 after acquiring an additional 128 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Royal Gold by 33.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,913 shares of the basic materials company's stock valued at $1,175,000 after buying an additional 2,231 shares in the last quarter. Barlow Wealth Partners Inc. increased its holdings in shares of Royal Gold by 5.9% in the fourth quarter. Barlow Wealth Partners Inc. now owns 110,872 shares of the basic materials company's stock worth $15,166,000 after buying an additional 6,169 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Royal Gold by 129.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,229 shares of the basic materials company's stock valued at $1,612,000 after buying an additional 6,899 shares during the period. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on RGLD shares. Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday. Royal Bank of Canada dropped their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. CIBC increased their target price 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. Raymond James upped their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock 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 upped their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. One research 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's stock. Based on data from MarketBeat.com, Royal Gold currently has an average rating of "Moderate Buy" and a consensus target price of $183.13.

Royal Gold Stock Up 2.2%

Shares of RGLD traded up $3.86 during mid-day trading on Monday, hitting $180.59. 389,178 shares of the company traded hands, compared to its average volume of 418,622. The company has a market capitalization of $11.89 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 1-year low of $119.72 and a 1-year high of $191.78. The business has a 50 day moving average of $172.11 and a 200 day moving average of $153.56.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm had revenue of $193.44 million for the quarter, compared to analyst estimates of $176.17 million. During the same period last year, the company earned $0.91 earnings per share. Royal Gold's revenue for the quarter was up 29.9% compared to the same quarter last year. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold's dividend payout ratio is presently 29.80%.

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.