Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 1,941.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,932 shares of the basic materials company's stock after purchasing an additional 90,282 shares during the quarter. Tidal Investments LLC owned about 0.14% of Royal Gold worth $12,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Royal Gold during the fourth quarter worth $42,000. Jones Financial Companies Lllp increased its stake 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 during the last quarter. IFP Advisors Inc increased its stake 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 during the last quarter. Finally, Human Investing LLC acquired a new stake in Royal Gold during the fourth quarter worth $73,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Scotiabank raised 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 research note on Monday, April 14th. BMO Capital Markets began coverage on Royal Gold in a research note on Wednesday, April 16th. They set a "market perform" rating and a $196.00 target price for the company. Royal Bank of Canada dropped their price objective on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Raymond James lifted their price objective on Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Finally, CIBC lifted their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Royal Gold Trading Up 1.1%

Shares of NASDAQ RGLD opened at $171.14 on Monday. Royal Gold, Inc. has a twelve month low of $119.72 and a twelve month high of $191.78. The stock has a fifty day simple moving average of $169.77 and a 200-day simple moving average of $152.46. The stock has a market capitalization of $11.26 billion, a PE ratio of 33.96, a PEG ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released 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 during the quarter, compared to analysts' expectations of $176.17 million. During the same period in the previous year, the firm posted $0.91 EPS. Royal Gold's revenue for the quarter was up 29.9% on a year-over-year basis. On average, equities analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.05%. Royal Gold's payout ratio is 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.

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