Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,834 shares of the basic materials company's stock after selling 6,445 shares during the period. Nebula Research & Development LLC's holdings in Royal Gold were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RGLD. Exchange Traded Concepts LLC purchased a new position in Royal Gold during the fourth quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Royal Gold in the 4th quarter worth $42,000. Jones Financial Companies Lllp grew its position in shares of Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 293 shares in the last quarter. IFP Advisors Inc increased its stake 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 acquiring an additional 158 shares during the last quarter. Finally, Human Investing LLC purchased a new position in shares of Royal Gold in the fourth quarter valued at $73,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Royal Gold Price Performance

NASDAQ:RGLD traded down $1.57 during trading hours on Friday, hitting $176.51. 517,629 shares of the company were exchanged, compared to its average volume of 408,851. The company's 50 day moving average price is $164.63 and its 200-day moving average price is $150.74. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 3.42 and a beta of 0.77.

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

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.02%. Royal Gold's dividend payout ratio is presently 35.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Raymond James boosted their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. BMO Capital Markets began coverage on Royal Gold in a research report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 target price for the company. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $166.00 to $189.00 in a research note on Monday, April 14th. Royal Bank of Canada reduced their target price on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Finally, Jefferies Financial Group upgraded Royal Gold from a "hold" rating to a "buy" rating and upped their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.00.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the 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 directly owns 9,360 shares in the company, valued at $1,450,612.80. This represents a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company's stock.

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.