Parvin Asset Management LLC Buys Shares of 9,995 Royal Gold, Inc. (NASDAQ:RGLD)

Parvin Asset Management LLC bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,995 shares of the basic materials company's stock, valued at approximately $1,318,000. Royal Gold makes up approximately 1.4% of Parvin Asset Management LLC's portfolio, making the stock its 13th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of RGLD. Veracity Capital LLC increased its stake in Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company's stock valued at $209,000 after purchasing an additional 76 shares during the last quarter. Savant Capital LLC grew its position in shares of Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after buying an additional 93 shares during the last quarter. CIBC Asset Management Inc raised its stake in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company's stock worth $1,700,000 after acquiring an additional 94 shares in the last quarter. Bessemer Group Inc. lifted its position in Royal Gold by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after acquiring an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Royal Gold by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock valued at $2,413,000 after acquiring an additional 100 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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 transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

Royal Gold Stock Down 0.9 %

NASDAQ:RGLD traded down $1.57 during midday trading on Friday, reaching $176.51. The stock had a trading volume of 517,629 shares, compared to its average volume of 409,384. The stock has a market cap of $11.62 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.42 and a beta of 0.77. The firm has a fifty day simple moving average of $164.63 and a two-hundred day simple moving average of $150.76. Royal Gold, Inc. has a 12-month low of $119.72 and a 12-month high of $191.78.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued 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 net margin of 46.15% and a return on equity of 11.46%. On average, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RGLD. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Raymond James lifted their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Royal Bank of Canada decreased their price objective 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 began coverage on shares of Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and increased their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.00.

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.