Wellington Management Group LLP Buys 125 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Wellington Management Group LLP raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 45,382 shares of the basic materials company’s stock after acquiring an additional 125 shares during the period. Wellington Management Group LLP’s holdings in Royal Gold were worth $4,825,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. American Century Companies Inc. lifted its stake in Royal Gold by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company’s stock valued at $25,160,000 after acquiring an additional 51,795 shares in the last quarter. Verity Asset Management Inc. lifted its stake in Royal Gold by 3.7% during the 3rd quarter. Verity Asset Management Inc. now owns 9,850 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 355 shares in the last quarter. Comerica Bank purchased a new stake in shares of Royal Gold during the 3rd quarter valued at $2,929,000. Townsquare Capital LLC increased its position in shares of Royal Gold by 2.1% during the 3rd quarter. Townsquare Capital LLC now owns 31,200 shares of the basic materials company’s stock valued at $3,318,000 after purchasing an additional 654 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Royal Gold by 13.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 55,667 shares of the basic materials company’s stock valued at $5,919,000 after purchasing an additional 6,597 shares during the last quarter. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price for the company. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. Finally, Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.56.

Get Our Latest Stock Analysis on Royal Gold

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the sale, the senior vice president now owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Royal Gold Stock Down 0.8 %

RGLD stock opened at $110.06 on Wednesday. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $7.23 billion, a PE ratio of 30.24, a PEG ratio of 2.22 and a beta of 0.86. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.82. The stock has a 50-day simple moving average of $111.08 and a two-hundred day simple moving average of $112.79.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last posted its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million during the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, equities analysts predict that Royal Gold, Inc. will post 4.17 EPS for the current fiscal year.

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, April 4th. Royal Gold’s payout ratio is presently 43.96%.

Royal Gold Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL).

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.