Assenagon Asset Management S.A. reduced its holdings in Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,458 shares of the basic materials company's stock after selling 1,218 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Royal Gold were worth $277,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Royal Gold by 66.2% in the 1st quarter. State Street Corp now owns 4,153,139 shares of the basic materials company's stock worth $588,192,000 after buying an additional 1,654,360 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Royal Gold by 1.4% during the third quarter. Bank of New York Mellon Corp now owns 840,006 shares of the basic materials company's stock valued at $78,811,000 after purchasing an additional 11,395 shares in the last quarter. Kopernik Global Investors LLC boosted its position in shares of Royal Gold by 35.1% during the third quarter. Kopernik Global Investors LLC now owns 735,963 shares of the basic materials company's stock valued at $69,048,000 after purchasing an additional 191,036 shares in the last quarter. Northern Trust Corp boosted its position in shares of Royal Gold by 30.4% during the second quarter. Northern Trust Corp now owns 697,410 shares of the basic materials company's stock valued at $74,470,000 after purchasing an additional 162,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Royal Gold by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 559,384 shares of the basic materials company's stock valued at $52,479,000 after purchasing an additional 7,748 shares in the last quarter. 78.13% of the stock is currently owned by institutional investors.
Get
Royal Gold
alerts:
Insider Buying and Selling
In other Royal Gold news, CFO Paul Libner sold 250 shares of the company's stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $115.00, for a total transaction of $28,750.00. Following the sale, the chief financial officer now directly owns 14,265 shares in the company, valued at $1,640,475. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
RGLD has been the topic of several research reports. BMO Capital Markets lifted their price target on Royal Gold from $134.00 to $135.00 and gave the company a "market perform" rating in a research report on Wednesday, January 11th. National Bankshares lifted their price target on Royal Gold from $150.00 to $155.00 and gave the company a "sector perform" rating in a research report on Friday, February 17th. Raymond James lifted their price target on Royal Gold from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, January 31st. National Bank Financial lifted their price objective on Royal Gold from C$120.00 to C$150.00 in a research note on Friday, January 13th. Finally, TD Securities lifted their price objective on Royal Gold from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, January 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Royal Gold currently has a consensus rating of "Hold" and an average target price of $140.20.
Royal Gold Stock Performance
Shares of RGLD opened at $129.71 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.72. Royal Gold, Inc. has a one year low of $84.54 and a one year high of $147.70. The firm has a market capitalization of $8.51 billion, a P/E ratio of 35.63, a PEG ratio of 3.44 and a beta of 0.63. The business has a fifty day moving average of $123.08 and a 200 day moving average of $111.36.
Royal Gold (NASDAQ:RGLD – Get Rating) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 15th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.18. The business had revenue of $162.98 million during the quarter, compared to analyst estimates of $153.04 million. Royal Gold had a return on equity of 8.36% and a net margin of 39.62%. Royal Gold's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 3.77 EPS for the current year.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Thursday, April 6th will be given a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.16%. Royal Gold's dividend payout ratio is currently 41.21%.
Royal Gold Company Profile
(Get Rating)
Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction.
Read More
- Get a free copy of the StockNews.com research report on Royal Gold (RGLD)
- MarketBeat Week in Review – 3/27 – 3/31
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
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.
VIP课程推荐
APP专享直播
热门推荐
收起
24小时滚动播报最新的财经资讯和视频，更多粉丝福利扫描二维码关注（sinafinance）
