Royal Gold, Inc. (NASDAQ:RGLD) Holdings Raised by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,508 shares of the basic materials company's stock after purchasing an additional 2,939 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Royal Gold were worth $2,177,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RGLD. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. raised its position in shares of Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company's stock worth $41,000 after buying an additional 110 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Royal Gold in the fourth quarter valued at $42,000. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 293 shares during the period. Finally, IFP Advisors Inc increased its stake in Royal Gold by 66.7% during the fourth 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. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

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

Royal Gold Trading Down 0.8 %

NASDAQ RGLD traded down $1.55 during mid-day trading on Friday, reaching $184.90. 566,791 shares of the company's stock traded hands, compared to its average volume of 402,639. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $191.22. The company has a fifty day simple moving average of $158.36 and a 200-day simple moving average of $147.98. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating 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%. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

Royal Gold Company 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.