Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,446 shares of the basic materials company's stock after purchasing an additional 2,510 shares during the period. Quantinno Capital Management LP's holdings in Royal Gold were worth $2,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RGLD. Norges Bank acquired a new position in Royal Gold in the fourth quarter worth about $44,009,000. BLI Banque de Luxembourg Investments acquired a new position in Royal Gold in the fourth quarter worth about $27,536,000. Arrowstreet Capital Limited Partnership grew its stake in Royal Gold by 181.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after purchasing an additional 194,905 shares in the last quarter. Northern Trust Corp lifted its holdings in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after acquiring an additional 168,569 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock worth $131,412,000 after acquiring an additional 152,599 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 sale, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RGLD. Royal Bank of Canada cut their target price 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. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Wall Street Zen raised shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday. Raymond James raised their target price 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. Finally, BMO Capital Markets set a $197.00 target price on shares of Royal Gold and gave the stock a "market perform" rating in a report on Thursday. One equities research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.13.

Royal Gold Stock Performance

Shares of RGLD traded up $3.86 during mid-day trading on Friday, reaching $180.59. 389,178 shares of the company's stock traded hands, compared to its average volume of 417,843. The business's 50-day moving average price is $172.11 and its 200-day moving average price is $153.45. The stock has a market capitalization of $11.89 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share for the quarter, beating 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 quarter in the previous year, the company posted $0.91 earnings per share. Equities research analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. 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.