GAMMA Investing LLC Invests $201,000 in Royal Gold, Inc. (NASDAQ:RGLD)

GAMMA Investing LLC acquired a new position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,760 shares of the basic materials company’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Royal Gold during the fourth quarter valued at $27,000. Larson Financial Group LLC grew its stake in Royal Gold by 526.3% during the fourth quarter. Larson Financial Group LLC now owns 238 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in Royal Gold during the fourth quarter valued at $31,000. BKM Wealth Management LLC purchased a new position in Royal Gold during the fourth quarter valued at $36,000. Finally, Lindbrook Capital LLC grew its stake in Royal Gold by 414.9% during the fourth quarter. Lindbrook Capital LLC now owns 381 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 307 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Up 2.7 %

Shares of Royal Gold stock opened at $124.19 on Friday. The firm’s 50 day moving average price is $114.71 and its 200-day moving average price is $114.76. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. Royal Gold, Inc. has a 52-week low of $100.55 and a 52-week high of $147.82. The company has a market cap of $8.16 billion, a P/E ratio of 34.12, a PEG ratio of 7.21 and a beta of 0.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. The firm had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Royal Gold, Inc. will post 4.18 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Thursday, April 4th. Royal Gold’s dividend payout ratio is presently 43.96%.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at approximately $1,370,351. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on RGLD. Jefferies Financial Group began coverage on shares of Royal Gold in a research note on Thursday, February 29th. They set a “hold” rating and a $117.00 target price for the company. BMO Capital Markets raised shares of Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $158.00 in a research note on Wednesday, March 27th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Finally, Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Royal Gold currently has an average rating of “Hold” and an average target price of $143.25.

Royal Gold Company 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.