3,143 Shares in Royal Gold, Inc. (NASDAQ:RGLD) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,143 shares of the basic materials company’s stock, valued at approximately $414,000.

Several other hedge funds have also modified their holdings of the stock. Veracity Capital LLC lifted its position in Royal Gold by 5.0% during the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after buying an additional 76 shares in the last quarter. Savant Capital LLC lifted its position in Royal Gold by 0.4% during the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock valued at $2,784,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc lifted its position in Royal Gold by 0.7% during the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Royal Gold by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after buying an additional 100 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after buying an additional 110 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Trading Up 0.1 %

NASDAQ RGLD opened at $147.73 on Wednesday. The company’s fifty day simple moving average is $140.84 and its 200-day simple moving average is $142.56. Royal Gold, Inc. has a 52 week low of $107.33 and a 52 week high of $155.64. The stock has a market cap of $9.71 billion, a P/E ratio of 29.31, a PEG ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be paid a $0.45 dividend. The ex-dividend date is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. Raymond James lifted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, TD Securities lifted their price target on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Royal Gold presently has an average rating of “Hold” and a consensus target price of $168.86.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

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.