Great West Life Assurance Co. Can lessened its stake in shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Rating) (TSE:RGL) by 2.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,399 shares of the basic materials company’s stock after selling 1,351 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Royal Gold were worth $4,537,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RGLD. US Bancorp DE grew its stake in shares of Royal Gold by 3.2% during the first quarter. US Bancorp DE now owns 3,913 shares of the basic materials company’s stock worth $552,000 after buying an additional 123 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Royal Gold by 17.9% during the first quarter. HighTower Advisors LLC now owns 6,544 shares of the basic materials company’s stock worth $921,000 after buying an additional 993 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Royal Gold during the first quarter worth $251,000. PNC Financial Services Group Inc. lifted its holdings in shares of Royal Gold by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,042 shares of the basic materials company’s stock worth $572,000 after purchasing an additional 96 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of Royal Gold by 542.1% during the first quarter. Cibc World Market Inc. now owns 12,920 shares of the basic materials company’s stock worth $1,825,000 after purchasing an additional 10,908 shares during the period. Institutional investors own 78.13% of the company’s stock.
Royal Gold Price Performance
Shares of NASDAQ RGLD opened at $126.07 on Monday. The firm’s 50-day moving average price is $113.79 and its 200-day moving average price is $103.28. Royal Gold, Inc. has a 1-year low of $84.54 and a 1-year high of $147.70. The firm has a market capitalization of $8.28 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.40 and a beta of 0.62. The company has a current ratio of 2.82, a quick ratio of 2.61 and a debt-to-equity ratio of 0.16.
Royal Gold Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, January 5th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.35. Royal Gold’s dividend payout ratio is currently 39.27%.
Analyst Ratings Changes
A number of equities analysts have recently commented on RGLD shares. National Bank Financial lifted their price target on shares of Royal Gold from C$120.00 to C$150.00 in a report on Friday, January 13th. Barclays cut their price target on shares of Royal Gold from $110.00 to $108.00 and set an “equal weight” rating on the stock in a report on Monday, October 17th. Credit Suisse Group started coverage on shares of Royal Gold in a report on Monday, December 12th. They set a “neutral” rating and a $120.00 price target on the stock. StockNews.com upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Thursday, December 1st. Finally, Eight Capital cut their price target on shares of Royal Gold to $143.00 in a report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.09.
Insider Transactions at Royal Gold
In other news, CFO Paul Libner sold 250 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $115.00, for a total transaction of $28,750.00. Following the completion of the sale, the chief financial officer now directly owns 14,265 shares of the company’s stock, valued at $1,640,475. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.
Royal Gold Company Profile
Royal Gold, Inc engages in the acquisition and management of precious metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests. 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.
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