Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,017 shares of the basic materials company's stock after selling 11,247 shares during the period. ProShare Advisors LLC owned about 0.34% of Royal Gold worth $29,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold in the fourth quarter worth 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 worth $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc increased its holdings 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 bought a new stake in Royal Gold during the fourth quarter worth approximately $73,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RGLD shares. Raymond James boosted their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 4th. Royal Bank of Canada dropped their target price on Royal Gold from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. BMO Capital Markets started coverage on Royal Gold in a research report on Wednesday, April 16th. They set 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 boosted their target price for the company from $166.00 to $189.00 in a research report on Monday, April 14th. Finally, CIBC boosted their target price on Royal Gold from $202.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of Royal Gold 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 directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Royal Gold Price Performance

Royal Gold stock traded up $4.46 during trading on Tuesday, reaching $177.56. 479,067 shares of the company were exchanged, compared to its average volume of 416,918. Royal Gold, Inc. has a 52-week low of $119.72 and a 52-week high of $191.78. The company has a market capitalization of $11.69 billion, a P/E ratio of 35.23, a PEG ratio of 3.42 and a beta of 0.48. The stock's 50 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 posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. The company had revenue of $193.44 million during the quarter, compared to analysts' expectations of $176.17 million. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Friday, April 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 1.01%. Royal Gold's dividend payout ratio (DPR) is presently 29.80%.

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.