PFG Investments LLC Buys New Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

PFG Investments LLC bought a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,645 shares of the basic materials company's stock, valued at approximately $1,053,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commerce Bank raised its stake in Royal Gold by 4.3% during the 4th quarter. Commerce Bank now owns 2,356 shares of the basic materials company's stock valued at $285,000 after purchasing an additional 98 shares during the period. Dana Investment Advisors Inc. grew its holdings in Royal Gold by 0.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company's stock valued at $2,813,000 after buying an additional 110 shares in the last quarter. Birch Capital Management LLC grew its holdings in Royal Gold by 16.5% during the 1st quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company's stock valued at $97,000 after buying an additional 113 shares in the last quarter. Private Advisor Group LLC grew its holdings in Royal Gold by 3.1% during the 3rd quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company's stock valued at $408,000 after buying an additional 115 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Royal Gold by 31.3% during the 4th quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company's stock valued at $59,000 after buying an additional 116 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Wall Street Analysts Forecast Growth

RGLD has been the subject of several research analyst reports. National Bank Financial upgraded Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. BMO Capital Markets upgraded Royal Gold from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. Jefferies Financial Group assumed coverage on Royal Gold in a report on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price for the company. Finally, Cantor Fitzgerald cut Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $143.25.

Royal Gold Trading Up 0.3 %

RGLD traded up $0.39 during trading hours on Friday, reaching $124.58. 379,769 shares of the company's stock traded hands, compared to its average volume of 505,498. The firm has a 50-day moving average price of $115.03 and a 200 day moving average price of $115.01. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $147.82. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $8.19 billion, a PE ratio of 34.23, a PEG ratio of 7.13 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company had revenue of $152.70 million during the quarter, compared to analysts' expectations of $140.32 million. During the same quarter in the previous year, the business earned $0.91 EPS. Royal Gold's revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Gold, Inc. will post 4.36 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 43.96%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, VP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total transaction of $52,090.00. Following the completion of the sale, the vice president now directly owns 9,473 shares of the company's stock, valued at approximately $986,897.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by corporate 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.

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