Crestline Management LP Sells 30,541 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Crestline Management LP reduced its position in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 32.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,339 shares of the basic materials company's stock after selling 30,541 shares during the quarter. Crestline Management LP owned approximately 0.10% of Royal Gold worth $8,351,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Royal Gold during the 4th quarter worth about $44,009,000. BLI Banque de Luxembourg Investments acquired a new stake in Royal Gold during the fourth quarter worth approximately $27,536,000. Arrowstreet Capital Limited Partnership grew its stake in Royal Gold by 181.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company's stock worth $39,846,000 after purchasing an additional 194,905 shares during the period. Northern Trust Corp increased its holdings in Royal Gold by 19.6% in the fourth quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company's stock worth $135,730,000 after purchasing an additional 168,569 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Royal Gold by 18.1% in the fourth quarter. AQR Capital Management LLC now owns 997,054 shares of the basic materials company's stock valued at $131,412,000 after buying an additional 152,599 shares during the period. Institutional investors own 83.65% of the company's stock.

Royal Gold Price Performance

Shares of RGLD stock traded up $5.64 during trading hours on Friday, reaching $184.36. The company had a trading volume of 439,463 shares, compared to its average volume of 412,022. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 3.42 and a beta of 0.48. Royal Gold, Inc. has a 12 month low of $119.72 and a 12 month high of $191.78. The business has a fifty day simple moving average of $168.07 and a 200-day simple moving average of $151.80.

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, beating 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 business had revenue of $193.44 million for the quarter, compared to analysts' expectations of $176.17 million. During the same period last year, the business earned $0.91 EPS. The business's revenue was up 29.9% on a year-over-year basis. On average, equities research analysts expect that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 35.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RGLD. BMO Capital Markets started coverage on shares of Royal Gold in a research report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 price objective for the company. Scotiabank raised shares of Royal Gold from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Raymond James upped 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. CIBC raised their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Royal Bank of Canada dropped their price target on Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 9,360 shares in the company, 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 through the SEC website. 0.49% of the stock is currently owned by insiders.

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.