Oxford Asset Management LLP Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Oxford Asset Management LLP purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,482 shares of the basic materials company's stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Royal Gold in the 4th quarter worth approximately $44,009,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Royal Gold by 181.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after acquiring an additional 194,905 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Royal Gold during the 4th quarter valued at approximately $18,427,000. Distillate Capital Partners LLC purchased a new stake in Royal Gold during the 4th quarter valued at about $15,258,000. Finally, Raymond James Financial Inc. purchased a new position in Royal Gold in the 4th quarter worth approximately $11,998,000. Hedge funds and other institutional investors own 83.65% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. This represents a 12.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.49% of the company's stock.

Royal Gold Stock Performance

Shares of RGLD traded down $1.57 during mid-day trading on Friday, hitting $176.51. 517,588 shares of the company were exchanged, compared to its average volume of 408,320. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a 1-year low of $118.61 and a 1-year high of $191.78. The company has a 50 day moving average of $164.12 and a 200-day moving average of $150.53.

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

Royal Gold Announces Dividend

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

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.