Concurrent Investment Advisors LLC Raises Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Concurrent Investment Advisors LLC raised its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,854 shares of the basic materials company’s stock after buying an additional 110 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Royal Gold were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of RGLD. Van ECK Associates Corp increased its position in Royal Gold by 1.1% during the third quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after acquiring an additional 39,394 shares during the last quarter. Geode Capital Management LLC boosted its position in Royal Gold by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after purchasing an additional 33,151 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Royal Gold by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 479,140 shares of the basic materials company’s stock valued at $67,223,000 after purchasing an additional 1,641 shares during the period. Victory Capital Management Inc. increased its position in shares of Royal Gold by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock valued at $27,264,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Royal Gold by 1.9% in the 4th quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock worth $23,605,000 after purchasing an additional 3,286 shares during the period. 83.65% of the stock is owned by institutional investors.

Royal Gold Stock Performance

RGLD opened at $150.86 on Wednesday. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. The firm’s fifty day moving average is $139.77 and its 200 day moving average is $142.15. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating 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%. On average, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.