Point72 Hong Kong Ltd Boosts Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Point72 Hong Kong Ltd lifted its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9,636.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,119 shares of the basic materials company's stock after acquiring an additional 24,861 shares during the period. Point72 Hong Kong Ltd's holdings in Royal Gold were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $42,000. Jones Financial Companies Lllp increased its position in shares of Royal Gold by 390.7% in the 4th 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. IFP Advisors Inc increased its position in shares of Royal Gold by 66.7% in the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 158 shares during the period. Finally, Human Investing LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $73,000. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of Royal Gold stock traded up $1.85 on Friday, hitting $171.14. The company's stock had a trading volume of 606,748 shares, compared to its average volume of 416,881. Royal Gold, Inc. has a 1 year low of $119.72 and a 1 year high of $191.78. The firm has a fifty day moving average price of $169.77 and a 200-day moving average price of $152.42. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The company had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. During the same period in the previous year, the firm posted $0.91 EPS. Royal Gold's revenue was up 29.9% compared to the same quarter last year. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's payout ratio is 29.80%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada cut their price target 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 increased 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. BMO Capital Markets assumed coverage on Royal Gold in a research report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price target on the stock. CIBC increased their price target on Royal Gold from $202.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $183.00.

Insider Buying and Selling

In other news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

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.