17,100 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,100 shares of the basic materials company’s stock, valued at approximately $2,255,000.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Royal Gold during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the 3rd quarter valued at $36,000. Advisors Asset Management Inc. bought a new position in Royal Gold during the third quarter worth $38,000. Nomura Asset Management Co. Ltd. grew its holdings in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Royal Gold in the fourth quarter valued at $42,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Gold presently has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold Trading Up 1.2 %

Royal Gold stock opened at $161.30 on Friday. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The firm’s fifty day moving average price is $148.20 and its two-hundred day moving average price is $144.48. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $163.87.

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

Royal Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. Royal Gold’s payout ratio is 35.71%.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares in the company, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by insiders.

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.