Mariner LLC Buys 2,234 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Mariner LLC lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,415 shares of the basic materials company's stock after acquiring an additional 2,234 shares during the quarter. Mariner LLC's holdings in Royal Gold were worth $1,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RGLD. Exchange Traded Concepts LLC bought a new position in Royal Gold in the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold in the 4th quarter worth $42,000. Jones Financial Companies Lllp raised its holdings in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock worth $49,000 after purchasing an additional 293 shares during the period. IFP Advisors Inc raised its holdings in Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock worth $52,000 after purchasing an additional 158 shares during the period. Finally, Human Investing LLC bought a new position in Royal Gold in the 4th quarter worth $73,000. 83.65% of the stock is currently owned by institutional investors.

Royal Gold Stock Up 1.3 %

RGLD traded up $2.33 on Wednesday, hitting $182.71. The company had a trading volume of 872,708 shares, compared to its average volume of 407,391. The company has a market cap of $12.02 billion, a PE ratio of 36.25, a PEG ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a 12-month low of $118.61 and a 12-month high of $191.78. The business's fifty day simple moving average is $163.58 and its 200 day simple moving average is $150.28.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a $0.45 dividend. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 0.99%. Royal Gold's dividend payout ratio is currently 35.71%.

Analyst Ratings Changes

A number of equities analysts recently commented on RGLD shares. BMO Capital Markets assumed coverage on Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price on the stock. Royal Bank of Canada cut their price target 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 increased their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Finally, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $178.00.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.