BNP Paribas Financial Markets grew its stake in Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) by 109.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,929 shares of the basic materials company’s stock after purchasing an additional 5,182 shares during the period. BNP Paribas Financial Markets’ holdings in Royal Gold were worth $1,201,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of RGLD. Rakuten Securities Inc. purchased a new stake in Royal Gold in the 4th quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Royal Gold by 526.3% in the 4th quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $31,000. BKM Wealth Management LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $36,000. Finally, Lindbrook Capital LLC boosted its position in Royal Gold by 414.9% in the 4th quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on RGLD. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Jefferies Financial Group began coverage on Royal Gold in a research report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price on the stock. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets increased their target price on Royal Gold from $160.00 to $161.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Scotiabank increased their target price on Royal Gold from $144.00 to $148.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Royal Gold presently has an average rating of “Hold” and an average price target of $142.13.
Get Our Latest Research Report on Royal Gold
Royal Gold Trading Down 0.1 %
Shares of RGLD stock opened at $128.51 on Tuesday. The stock’s fifty day moving average is $122.37 and its two-hundred day moving average is $117.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.35 and a current ratio of 2.50. The firm has a market capitalization of $8.45 billion, a P/E ratio of 37.91, a PEG ratio of 1.08 and a beta of 0.88. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $134.56.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The firm had revenue of $148.90 million during the quarter, compared to analysts’ expectations of $147.02 million. Royal Gold had a net margin of 38.12% and a return on equity of 7.96%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. Research analysts expect that Royal Gold, Inc. will post 4.51 earnings per share for the current fiscal year.
Royal Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. Royal Gold’s payout ratio is currently 47.20%.
Insider Transactions at Royal Gold
In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now owns 14,840 shares in the company, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the transaction, the senior vice president now owns 14,840 shares in the company, valued at approximately $1,940,033.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the transaction, the senior vice president now owns 12,127 shares in the company, valued at approximately $1,370,351. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.
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.
See Also
Receive News & Ratings for Royal Gold Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Gold and related companies with MarketBeat.com’s FREE daily email newsletter.