Cambridge Investment Research Advisors Inc. Acquires 9,783 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Cambridge Investment Research Advisors Inc. lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLDFree Report) (TSE:RGL) by 79.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,059 shares of the basic materials company’s stock after acquiring an additional 9,783 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Royal Gold were worth $2,668,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. River Road Asset Management LLC boosted its stake in shares of Royal Gold by 19.4% in the fourth quarter. River Road Asset Management LLC now owns 52,578 shares of the basic materials company’s stock worth $6,360,000 after acquiring an additional 8,550 shares during the period. Victory Capital Management Inc. grew its holdings in Royal Gold by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 193,518 shares of the basic materials company’s stock valued at $23,408,000 after buying an additional 35,458 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Royal Gold during the 4th quarter valued at approximately $2,238,000. BNP Paribas Asset Management Holding S.A. grew its holdings in Royal Gold by 282.5% during the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 22,865 shares of the basic materials company’s stock valued at $2,766,000 after buying an additional 16,887 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in Royal Gold during the 4th quarter valued at approximately $272,000. Institutional investors own 83.65% of the company’s stock.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction 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 completion of the sale, the senior vice president now directly owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the transaction, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the transaction, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on RGLD shares. Scotiabank raised their price target on Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a report on Thursday, May 23rd. BMO Capital Markets raised their price target on Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Jefferies Financial Group started coverage on Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price target for the company. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Gold currently has an average rating of “Hold” and a consensus target price of $142.13.

View Our Latest Report on RGLD

Royal Gold Price Performance

Shares of RGLD stock opened at $128.19 on Monday. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $134.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. The firm has a market capitalization of $8.43 billion, a P/E ratio of 37.81, a P/E/G ratio of 1.08 and a beta of 0.91. The stock has a 50 day moving average price of $124.24 and a 200 day moving average price of $118.34.

Royal Gold (NASDAQ:RGLDGet Free Report) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. Royal Gold’s revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, sell-side analysts predict that Royal Gold, Inc. will post 4.5 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 47.20%.

Royal Gold 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.

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

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