Royal Gold, Inc. (NASDAQ:RGLD) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 17,722.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457,501 shares of the basic materials company's stock after buying an additional 454,934 shares during the period. GAMMA Investing LLC owned 0.70% of Royal Gold worth $74,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new position in Royal Gold during the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the fourth quarter worth $42,000. Jones Financial Companies Lllp grew its stake in shares of Royal Gold by 390.7% in 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 during the last quarter. IFP Advisors Inc increased 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 in the last quarter. Finally, Human Investing LLC purchased a new position in shares of Royal Gold in the 4th quarter worth about $73,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was 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 of the company's stock, 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 hyperlink. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Raymond James lifted 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. BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a research note on Thursday, May 22nd. Finally, CIBC increased their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.13.

Royal Gold Stock Performance

NASDAQ RGLD traded down $0.09 on Thursday, reaching $183.85. 498,021 shares of the stock traded hands, compared to its average volume of 422,133. The company has a fifty day moving average price of $175.78 and a 200-day moving average price of $155.55. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.42 and a beta of 0.44. 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 issued its quarterly 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. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The business had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The business's quarterly revenue was up 29.9% on a year-over-year basis. As a group, research analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The company 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. This represents a $1.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 3rd. 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.