Vest Financial LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,653 shares of the basic materials company's stock, valued at approximately $924,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors lifted its holdings in shares of Royal Gold by 0.4% in the fourth quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company's stock worth $1,156,842,000 after acquiring an additional 37,648 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Royal Gold by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company's stock valued at $877,058,000 after purchasing an additional 89,298 shares during the last quarter. Northern Trust Corp increased its position in Royal Gold by 19.6% during the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares in the last quarter. AQR Capital Management LLC lifted its stake in Royal Gold by 18.1% in the 4th quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after purchasing an additional 152,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Royal Gold by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,803 shares of the basic materials company's stock valued at $115,735,000 after buying an additional 49,206 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports 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. BMO Capital Markets set a $197.00 target price on Royal Gold and gave the company a "market perform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their price target on Royal Gold from $202.00 to $203.00 in a research note on Wednesday. Royal Bank of Canada reduced their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Wall Street Zen upgraded shares of Royal Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.33.
Check Out Our Latest Stock Analysis on RGLD
Royal Gold Stock Performance
Shares of RGLD traded up $4.47 during mid-day trading on Thursday, reaching $179.03. 406,207 shares of the company were exchanged, compared to its average volume of 425,692. The business has a 50 day simple moving average of $177.17 and a two-hundred day simple moving average of $156.55. The stock has a market capitalization of $11.78 billion, a PE ratio of 35.52, a PEG ratio of 3.42 and a beta of 0.44. 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 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 net margin of 46.15% and a return on equity of 11.46%. The firm had revenue of $193.44 million for the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the previous year, the company earned $0.91 EPS. The company's revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a $0.45 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.80 annualized dividend and a yield of 1.01%. Royal Gold's payout ratio is 29.80%.
Insider Buying and Selling at Royal Gold
In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business'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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.
Royal Gold Profile
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Free Report)
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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