UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Royal Gold, Inc. (NASDAQ:RGLD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 0.40% of Royal Gold worth $35,083,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RGLD. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Royal Gold during the 4th quarter valued at $741,000. Arizona State Retirement System increased its position in Royal Gold by 0.8% in the fourth quarter. Arizona State Retirement System now owns 19,076 shares of the basic materials company's stock worth $2,515,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company's stock worth $63,843,000 after acquiring an additional 5,067 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Royal Gold by 1.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,005 shares of the basic materials company's stock worth $1,715,000 after purchasing an additional 199 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Royal Gold by 10.1% in the fourth quarter. US Bancorp DE now owns 3,215 shares of the basic materials company's stock valued at $424,000 after purchasing an additional 295 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Royal Gold Price Performance

NASDAQ RGLD traded down $1.28 on Friday, reaching $178.12. The company had a trading volume of 821,064 shares, compared to its average volume of 420,184. The business has a 50 day moving average of $173.96 and a two-hundred day moving average of $154.36. Royal Gold, Inc. has a fifty-two week low of $119.72 and a fifty-two week high of $191.78. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 3.42 and a beta of 0.48.

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

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. Royal Gold's dividend payout ratio (DPR) is currently 29.80%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RGLD shares. Wall Street Zen upgraded Royal Gold from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $166.00 to $189.00 in a research note on Monday, April 14th. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the stock a "market perform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada decreased their target price on shares of 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 assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.13.

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.