Handelsbanken Fonder AB Raises Position in Royal Gold, Inc. (NASDAQ:RGLD)

Handelsbanken Fonder AB increased its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,802 shares of the basic materials company’s stock after purchasing an additional 700 shares during the period. Handelsbanken Fonder AB’s holdings in Royal Gold were worth $2,479,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RGLD. Creative Planning increased its position in Royal Gold by 1.9% during the 3rd quarter. Creative Planning now owns 8,347 shares of the basic materials company’s stock worth $1,171,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. grew its holdings in Royal Gold by 108.7% during the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 213 shares during the period. Raymond James & Associates raised its position in Royal Gold by 7.8% in the third quarter. Raymond James & Associates now owns 75,699 shares of the basic materials company’s stock worth $10,621,000 after acquiring an additional 5,481 shares in the last quarter. Private Advisor Group LLC raised its position in Royal Gold by 2.6% in the third quarter. Private Advisor Group LLC now owns 5,840 shares of the basic materials company’s stock worth $819,000 after acquiring an additional 150 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock valued at $11,883,000 after acquiring an additional 84,092 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now directly owns 16,293 shares in the company, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

RGLD has been the topic of a number of recent analyst reports. TD Securities upped their price target on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, Raymond James lifted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Gold has an average rating of “Hold” and an average price target of $168.86.

Royal Gold Trading Up 1.8 %

Shares of RGLD opened at $151.11 on Tuesday. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.64. The stock has a market cap of $9.94 billion, a P/E ratio of 29.98, a PEG ratio of 3.42 and a beta of 0.90. The company has a 50-day moving average of $139.64 and a two-hundred day moving average of $142.00.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, analysts forecast that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

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.