BNP Paribas Financial Markets Buys 12,368 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

BNP Paribas Financial Markets increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 80.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,759 shares of the basic materials company's stock after buying an additional 12,368 shares during the period. BNP Paribas Financial Markets' holdings in Royal Gold were worth $3,659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RGLD. Exchange Traded Concepts LLC acquired a new position in Royal Gold during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $42,000. Jones Financial Companies Lllp raised its position in shares of Royal Gold by 390.7% in the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company's stock valued at $49,000 after buying an additional 293 shares during the last quarter. IFP Advisors Inc raised its position in shares of Royal Gold by 66.7% in the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company's stock valued at $52,000 after buying an additional 158 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $73,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business'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 transaction of $201,474.00. Following the completion of the sale, the senior vice president now directly owns 9,360 shares of the company's stock, valued at approximately $1,450,612.80. The trade was a 12.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RGLD shares. Raymond James increased their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. CIBC lifted their target price on shares of Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank of Canada lowered their price objective 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, 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 objective on the stock. 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. According to data from MarketBeat, Royal Gold currently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Royal Gold Price Performance

Royal Gold stock traded up $2.02 during mid-day trading on Tuesday, reaching $175.12. 66,950 shares of the company were exchanged, compared to its average volume of 415,461. The company has a fifty day simple moving average of $170.16 and a 200-day simple moving average of $152.66. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The firm has a market cap of $11.53 billion, a PE ratio of 34.63, a PEG ratio of 3.42 and a beta of 0.48.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.03%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

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.