Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,540 shares of the basic materials company's stock after selling 13,773 shares during the period. Deutsche Bank AG owned approximately 0.21% of Royal Gold worth $17,871,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RGLD. 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 purchased a new stake in Royal Gold during the 4th quarter valued at about $42,000. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 293 shares during the period. IFP Advisors Inc raised its stake 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 worth $52,000 after purchasing an additional 158 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 83.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RGLD. Scotiabank upgraded shares of 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 report on Monday, April 14th. Royal Bank of Canada cut 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 note on Friday, April 4th. Raymond James boosted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the company an "outperform" rating in a research 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 target on the stock. Finally, CIBC lifted their price objective on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Royal Gold Stock Down 2.1%

RGLD stock opened at $165.63 on Thursday. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The firm has a market cap of $10.90 billion, a P/E ratio of 32.86, a PEG ratio of 3.42 and a beta of 0.48. The company's 50-day simple moving average is $169.08 and its 200-day simple moving average is $152.16.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $176.17 million. During the same quarter in the prior year, the firm posted $0.91 EPS. Royal Gold's quarterly revenue was up 29.9% compared to the same quarter last year. On average, analysts anticipate that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold's payout ratio is 29.80%.

Insider Activity at Royal Gold

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 shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This represents a 12.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Royal Gold Company 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.

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