Royal Gold, Inc. (NASDAQ:RGLD) Holdings Decreased by Capital International Inc. CA

Capital International Inc. CA lessened its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 7.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,290 shares of the basic materials company’s stock after selling 480 shares during the period. Capital International Inc. CA’s holdings in Royal Gold were worth $829,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Veracity Capital LLC boosted its holdings in shares of Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 76 shares in the last quarter. Savant Capital LLC lifted its position in Royal Gold by 0.4% in the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after purchasing an additional 93 shares during the period. CIBC Asset Management Inc boosted its stake in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after purchasing an additional 94 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Royal Gold by 0.4% during the 4th 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 during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Royal Gold by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock worth $2,413,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Royal Bank of Canada dropped their target price on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Scotiabank upgraded shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $166.00 to $189.00 in a report on Monday, April 14th. BMO Capital Markets assumed coverage on Royal Gold in a report on Wednesday, April 16th. They issued a “market perform” rating and a $196.00 price target on the stock. Finally, Raymond James raised their price objective on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Royal Gold Trading Down 0.8 %

Shares of RGLD stock opened at $184.90 on Monday. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. Royal Gold, Inc. has a 1-year low of $118.00 and a 1-year high of $191.22. The stock’s fifty day simple moving average is $158.36 and its 200-day simple moving average is $148.04.

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%. On average, sell-side analysts predict 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 was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is currently 35.71%.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated 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 sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by corporate 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.