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

Two Sigma Investments LP raised its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,447 shares of the basic materials company's stock after buying an additional 38,630 shares during the period. Two Sigma Investments LP owned about 0.20% of Royal Gold worth $17,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Tidal Investments LLC increased its holdings in shares of Royal Gold by 1,941.5% during the fourth quarter. Tidal Investments LLC now owns 94,932 shares of the basic materials company's stock worth $12,517,000 after buying an additional 90,282 shares in the last quarter. State of Wyoming increased its holdings in shares of Royal Gold by 101.9% in the fourth quarter. State of Wyoming now owns 1,377 shares of the basic materials company's stock valued at $182,000 after purchasing an additional 695 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Royal Gold in the fourth quarter valued at approximately $55,825,000. Sherbrooke Park Advisers LLC increased its holdings in shares of Royal Gold by 112.6% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 6,187 shares of the basic materials company's stock valued at $816,000 after purchasing an additional 3,277 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Royal Gold by 9,636.0% in the fourth quarter. Point72 Hong Kong Ltd now owns 25,119 shares of the basic materials company's stock valued at $3,312,000 after purchasing an additional 24,861 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $166.00 to $189.00 in a report on Monday, April 14th. CIBC raised their price target on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Raymond James raised their price target on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets set a $197.00 price target on shares of Royal Gold and gave the company a "market perform" rating in a report on Thursday, May 22nd. Finally, Royal Bank of Canada lowered their price target on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.13.

Insider Transactions at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the business's stock in a transaction on Monday, March 17th. The shares were 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. The trade was a 12.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.

Royal Gold Stock Performance

RGLD traded down $0.88 during trading on Wednesday, reaching $177.80. 82,242 shares of the company's stock were exchanged, compared to its average volume of 416,927. The company's fifty day moving average price is $173.09 and its 200-day moving average price is $153.94. 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 capitalization of $11.70 billion, a PE ratio of 35.29, a P/E/G ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share 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 net margin of 46.15% and a return on equity of 11.46%. The business's quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. 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 declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.01%. Royal Gold's dividend 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.