Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,220 shares of the basic materials company’s stock after buying an additional 4,452 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Royal Gold were worth $9,645,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Royal Gold during the 3rd quarter valued at $474,000. Sanctuary Advisors LLC purchased a new position in Royal Gold in the third quarter valued at about $591,000. Franklin Resources Inc. raised its position in Royal Gold by 303.3% in the third quarter. Franklin Resources Inc. now owns 28,546 shares of the basic materials company’s stock valued at $4,063,000 after purchasing an additional 21,468 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Royal Gold by 4.0% during the fourth quarter. Confluence Investment Management LLC now owns 4,909 shares of the basic materials company’s stock worth $647,000 after purchasing an additional 190 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Royal Gold by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 2,567 shares of the basic materials company’s stock worth $338,000 after buying an additional 351 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RGLD has been the topic of several recent research reports. Royal Bank of Canada reduced their price target 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. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $166.00 to $189.00 in a research note on Monday, April 14th. Raymond James lifted their price target on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. BMO Capital Markets began coverage on Royal Gold in a research note on Wednesday, April 16th. They set a “market perform” rating and a $196.00 target price for the company. Finally, Jefferies Financial Group raised 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.00.

Royal Gold Stock Up 0.6 %

NASDAQ:RGLD opened at $185.92 on Tuesday. The company has a market cap of $12.23 billion, a PE ratio of 36.89, a P/E/G ratio of 3.42 and a beta of 0.77. The business’s 50 day moving average is $159.14 and its two-hundred day moving average is $148.37. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $191.78.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced 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, sell-side analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

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

Insider Buying and Selling at Royal Gold

In related news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently 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.