UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $35.08 Million Position in Royal Gold, Inc. (NASDAQ:RGLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,081 shares of the basic materials company's stock after purchasing an additional 29,923 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.40% of Royal Gold worth $35,083,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RGLD. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold during the fourth quarter worth about $42,000. Jones Financial Companies Lllp raised its holdings in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after acquiring an additional 293 shares in the last quarter. IFP Advisors Inc raised its holdings in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after acquiring an additional 158 shares in the last quarter. Finally, Human Investing LLC bought a new stake in Royal Gold during the fourth quarter worth about $73,000. 83.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RGLD has been the topic of several analyst reports. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Raymond James upped their target price on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, Royal Bank of Canada dropped their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Royal Gold presently has an average rating of "Moderate Buy" and a consensus price target of $183.13.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of the 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 transaction, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Royal Gold Stock Performance

Shares of NASDAQ RGLD traded down $1.74 during trading hours on Friday, reaching $177.66. 824,840 shares of the stock were exchanged, compared to its average volume of 420,457. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 35.25, a P/E/G 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 stock's fifty day simple moving average is $174.31 and its 200 day simple moving average is $154.71.

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

Royal Gold Dividend Announcement

The company 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. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.01%. Royal Gold's dividend payout ratio (DPR) is currently 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.