Royal Gold, Inc. (NASDAQ:RGLD) Position Increased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 58.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,800 shares of the basic materials company's stock after purchasing an additional 26,200 shares during the period. Two Sigma Advisers LP owned approximately 0.11% of Royal Gold worth $9,335,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGLD. Veracity Capital LLC increased its position in Royal Gold by 5.0% during the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after acquiring an additional 76 shares during the last quarter. Savant Capital LLC increased its position in Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after acquiring an additional 93 shares during the last quarter. CIBC Asset Management Inc increased its position in Royal Gold by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after acquiring an additional 94 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Royal Gold by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after purchasing an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Royal Gold by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Scotiabank upgraded shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $166.00 to $189.00 in a report on Monday, April 14th. Royal Bank of Canada decreased their price target 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. Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday. CIBC lifted their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets set a $197.00 price target on Royal Gold and gave the stock a "market perform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, 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 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 value of $201,474.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company's stock.

Royal Gold Trading Down 0.5%

NASDAQ RGLD traded down $0.81 during mid-day trading on Wednesday, reaching $177.87. 82,242 shares of the company's stock traded hands, compared to its average volume of 416,927. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 3.42 and a beta of 0.48. The company has a fifty day simple moving average of $173.09 and a 200-day simple moving average of $153.94. Royal Gold, Inc. has a 1-year low of $119.72 and a 1-year high of $191.78.

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 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $193.44 million during 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 business's revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

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 given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.01%. 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.