Two Sigma Investments LP Buys 38,630 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Two Sigma Investments LP lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 42.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,447 shares of the basic materials company's stock after acquiring an additional 38,630 shares during the period. Two Sigma Investments LP owned approximately 0.20% of Royal Gold worth $17,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RGLD. Veracity Capital LLC increased its stake in Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 76 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after buying an additional 93 shares during the period. CIBC Asset Management Inc increased its position in shares of Royal Gold by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock valued at $1,700,000 after buying an additional 94 shares in the last quarter. Bessemer Group Inc. raised its stake in Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock worth $2,871,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock worth $2,413,000 after buying an additional 100 shares during the period. Institutional investors own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RGLD. BMO Capital Markets lifted their target price on Royal Gold from $196.00 to $197.00 and gave the stock a "market perform" rating in a report on Thursday. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. CIBC boosted 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. Royal Bank of Canada dropped their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Raymond James lifted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Royal Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.13.

Insiders Place Their Bets

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 sale, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their ownership of the stock. The transaction 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 Stock Performance

Shares of Royal Gold stock opened at $176.73 on Friday. The firm has a market cap of $11.63 billion, a PE ratio of 35.07, a P/E/G ratio of 3.42 and a beta of 0.48. The business's 50 day simple moving average is $171.59 and its 200 day simple moving average is $153.23. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The company had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same period last year, the company earned $0.91 earnings per share. The firm's revenue was up 29.9% compared to the same quarter last year. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.02%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

Royal Gold 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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