Wells Fargo & Company MN Has $3.43 Million Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Wells Fargo & Company MN boosted its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,975 shares of the basic materials company's stock after acquiring an additional 2,287 shares during the period. Wells Fargo & Company MN's holdings in Royal Gold were worth $3,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RGLD. Virtu Financial LLC bought a new stake in Royal Gold in the 3rd quarter valued at $474,000. Sanctuary Advisors LLC bought a new stake in Royal Gold in the 3rd quarter valued at $591,000. Franklin Resources Inc. raised its stake in Royal Gold by 303.3% in the 3rd quarter. Franklin Resources Inc. now owns 28,546 shares of the basic materials company's stock valued at $4,063,000 after acquiring an additional 21,468 shares during the period. Confluence Investment Management LLC raised its stake in Royal Gold by 4.0% in the 4th quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company's stock valued at $647,000 after acquiring an additional 190 shares during the period. Finally, GAMMA Investing LLC increased its position in Royal Gold by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company's stock worth $338,000 after buying an additional 351 shares during the period. Institutional investors own 83.65% of the company's stock.

Royal Gold Stock Performance

Shares of Royal Gold stock traded up $1.97 on Monday, reaching $180.84. 435,474 shares of the stock were exchanged, compared to its average volume of 405,727. The firm's 50 day moving average is $162.33 and its 200-day moving average is $149.84. Royal Gold, Inc. has a one year low of $118.61 and a one year high of $191.78. The firm has a market cap of $11.90 billion, a PE ratio of 35.88, a P/E/G ratio of 3.42 and a beta of 0.77.

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

Royal Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, April 4th. Royal Gold's payout ratio is 35.71%.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $1,450,612.80. This represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $166.00 to $189.00 in a report on Monday, April 14th. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 4th. BMO Capital Markets assumed coverage on shares of Royal Gold in a report on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 price objective for the company. Royal Bank of Canada cut their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Jefferies Financial Group raised shares of Royal Gold from a "hold" rating to a "buy" rating and boosted their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $178.00.

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.