1,666 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,666 shares of the basic materials company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGLD. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Gold in the fourth quarter worth approximately $31,000. BKM Wealth Management LLC acquired a new position in Royal Gold in the fourth quarter worth approximately $36,000. Quent Capital LLC grew its position in Royal Gold by 35.0% in the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company’s stock worth $67,000 after buying an additional 144 shares during the last quarter. Covestor Ltd grew its position in Royal Gold by 26.5% in the third quarter. Covestor Ltd now owns 769 shares of the basic materials company’s stock worth $82,000 after buying an additional 161 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in Royal Gold by 86.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 703 shares of the basic materials company’s stock worth $85,000 after buying an additional 326 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 0.4 %

NASDAQ RGLD opened at $120.93 on Thursday. The firm’s 50 day moving average price is $114.15 and its two-hundred day moving average price is $114.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.82. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 6.22 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The business had revenue of $152.70 million for the quarter, compared to analysts’ expectations of $140.32 million. During the same period in the previous year, the company posted $0.91 EPS. Royal Gold’s revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Royal Gold, Inc. will post 4.26 EPS for the current year.

Royal Gold Announces Dividend

The business also recently declared 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 1.32%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s dividend payout ratio is currently 43.96%.

Insider Activity

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on RGLD shares. BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $148.00 to $158.00 in a research report on Wednesday, March 27th. Cantor Fitzgerald lowered shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Jefferies Financial Group began coverage on shares of Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Royal Gold currently has an average rating of “Hold” and an average price target of $143.25.

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.