Zurcher Kantonalbank Zurich Cantonalbank Has $2.03 Million Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,793 shares of the basic materials company’s stock after acquiring an additional 2,643 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $2,031,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RGLD. CWM LLC increased its position in Royal Gold by 44.0% in the 3rd quarter. CWM LLC now owns 2,189 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 669 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Royal Gold by 43.6% during the 3rd quarter. SG Americas Securities LLC now owns 18,867 shares of the basic materials company’s stock worth $2,006,000 after acquiring an additional 5,731 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Royal Gold by 5.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,284 shares of the basic materials company’s stock worth $562,000 after acquiring an additional 258 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in shares of Royal Gold during the 3rd quarter worth about $36,000. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Royal Gold by 0.6% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 46,953 shares of the basic materials company’s stock worth $4,993,000 after acquiring an additional 279 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 price target for the company. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald downgraded Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and increased their target price for the company from $148.00 to $158.00 in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $143.25.

Royal Gold Price Performance

Shares of NASDAQ:RGLD opened at $120.41 on Wednesday. The business has a 50 day moving average price of $113.87 and a 200 day moving average price of $114.54. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.82. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 6.22 and a beta of 0.87. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same quarter last year, the company earned $0.91 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts predict that Royal Gold, Inc. will post 4.26 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s payout ratio is presently 43.96%.

Royal Gold 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.