Hsbc Holdings PLC lowered its holdings in Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,004 shares of the basic materials company's stock after selling 9,639 shares during the period. Hsbc Holdings PLC's holdings in Royal Gold were worth $4,197,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new stake in Royal Gold in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold in the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its holdings in Royal Gold by 390.7% during 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 valued at $52,000 after buying an additional 158 shares during the period. Finally, Human Investing LLC purchased a new position in shares of Royal Gold during the 4th quarter valued at $73,000. 83.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Royal Gold
In other news, SVP Randy Shefman sold 1,300 shares of the business'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 sale, the senior vice president now owns 9,360 shares of the company's stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.49% of the company's stock.
Royal Gold Price Performance
Shares of Royal Gold stock traded up $1.88 during trading on Monday, hitting $178.39. 149,242 shares of the company's stock traded hands, compared to its average volume of 408,381. Royal Gold, Inc. has a 1 year low of $119.72 and a 1 year high of $191.78. The business has a 50-day simple moving average of $164.63 and a 200-day simple moving average of $150.78. The stock has a market capitalization of $11.74 billion, a P/E ratio of 35.33, a PEG ratio of 3.42 and a beta of 0.48.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.
Royal Gold Announces Dividend
The company also recently announced 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 was Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.01%. Royal Gold's payout ratio is 35.71%.
Analyst Ratings Changes
RGLD has been the topic of several recent research reports. Royal Bank of Canada dropped their price objective on shares of Royal Gold from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank raised Royal Gold from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $166.00 to $189.00 in a report on Monday, April 14th. BMO Capital Markets began coverage on Royal Gold in a report on Wednesday, April 16th. They set a "market perform" rating and a $196.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a "hold" rating to a "buy" rating and raised their price objective for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.00.
View Our Latest Stock Report on RGLD
About Royal Gold
(
Free Report)
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.
See Also
Before you consider Royal Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Gold wasn't on the list.
While Royal Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
