Victory Capital Management Inc. Boosts Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Victory Capital Management Inc. grew its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,518 shares of the basic materials company's stock after buying an additional 35,458 shares during the quarter. Victory Capital Management Inc. owned 0.29% of Royal Gold worth $23,408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in shares of Royal Gold during the 4th quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in shares of Royal Gold by 526.3% during the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at approximately $31,000. BKM Wealth Management LLC bought a new stake in shares of Royal Gold during the 4th quarter valued at approximately $36,000. Finally, Lindbrook Capital LLC grew its holdings in shares of Royal Gold by 414.9% during the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 307 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Royal Gold Trading Up 1.6 %

Shares of NASDAQ RGLD traded up $1.96 during midday trading on Thursday, reaching $125.37. The stock had a trading volume of 439,292 shares, compared to its average volume of 428,125. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 6.99 and a beta of 0.88. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $141.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. The company's 50 day moving average price is $117.80 and its 200 day moving average price is $115.69.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million during the quarter, compared to analyst estimates of $147.02 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm's revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. As a group, sell-side analysts expect that Royal Gold, Inc. will post 4.36 EPS for the current year.

Royal Gold Dividend Announcement

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

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a "hold" rating and a $117.00 price target on the stock. BMO Capital Markets reduced their target price on shares of Royal Gold from $162.00 to $160.00 and set an "outperform" rating on the stock in a report on Thursday. Cantor Fitzgerald lowered shares of Royal Gold from an "overweight" rating to a "neutral" rating in a report on Thursday, February 15th. Finally, National Bank Financial raised shares of Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Royal Gold currently has a consensus rating of "Hold" and an average price target of $141.14.

About Royal Gold

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.