Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC raised its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 112.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,187 shares of the basic materials company's stock after purchasing an additional 3,277 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Royal Gold were worth $816,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Veracity Capital LLC increased its holdings in Royal Gold by 5.0% during the 4th 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 in the last quarter. Savant Capital LLC increased its holdings in Royal Gold by 0.4% during the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company's stock valued at $2,784,000 after purchasing an additional 93 shares in the last quarter. CIBC Asset Management Inc increased its holdings 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 valued at $1,700,000 after purchasing an additional 94 shares in the last quarter. Bessemer Group Inc. increased its holdings in Royal Gold by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company's stock valued at $2,871,000 after purchasing an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Royal Gold by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company's stock valued at $2,413,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 83.65% of the company's stock.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the firm's 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 sale, the senior vice president now owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Royal Gold Stock Performance

NASDAQ:RGLD traded up $1.96 on Monday, hitting $173.10. The stock had a trading volume of 386,843 shares, compared to its average volume of 416,761. The stock has a market cap of $11.39 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 1 year low of $119.72 and a 1 year high of $191.78. The firm's fifty day simple moving average is $170.16 and its two-hundred day simple moving average is $152.66.

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

Royal Gold Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, April 4th. Royal Gold's payout ratio is currently 29.80%.

Analyst Ratings Changes

RGLD has been the subject of several research reports. BMO Capital Markets started coverage on Royal Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating and a $196.00 target price for the company. Scotiabank upgraded Royal Gold from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $166.00 to $189.00 in a research report on Monday, April 14th. Raymond James raised 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. CIBC raised 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, Royal Bank of Canada reduced their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

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.