XTX Topco Ltd Makes New Investment in Royal Gold, Inc. (NASDAQ:RGLD)

XTX Topco Ltd acquired a new stake in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,041 shares of the basic materials company’s stock, valued at approximately $797,000.

Several other large investors have also recently made changes to their positions in RGLD. Veracity Capital LLC grew its holdings in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after buying an additional 76 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Royal Gold by 0.4% in the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after purchasing an additional 93 shares in the last quarter. CIBC Asset Management Inc increased its position in Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after purchasing an additional 94 shares during the last quarter. Bessemer Group Inc. raised its stake in Royal Gold by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 21,772 shares of the basic materials company’s stock valued at $2,871,000 after purchasing an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Royal Gold by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after purchasing an additional 100 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total value 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

RGLD stock opened at $186.45 on Thursday. The company has a market capitalization of $12.27 billion, a PE ratio of 36.99, a P/E/G ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a 12 month low of $118.00 and a 12 month high of $191.22. The firm’s 50-day moving average is $156.81 and its 200 day moving average is $147.34.

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

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

Analyst Ratings Changes

A number of analysts have recently weighed in on RGLD shares. Raymond James boosted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Royal Bank of Canada decreased their price objective on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. BMO Capital Markets assumed coverage on shares of Royal Gold in a research note on Wednesday. They set a “market perform” rating and a $196.00 price objective for the company. Finally, Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $166.00 to $189.00 in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Royal Gold currently has an average rating of “Moderate Buy” and an average target price of $178.00.

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.