Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Versor Investments LP

Versor Investments LP raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 233.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the basic materials company’s stock after acquiring an additional 6,300 shares during the quarter. Versor Investments LP’s holdings in Royal Gold were worth $1,187,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Royal Gold by 51.7% during the 3rd quarter. Larson Financial Group LLC now owns 361 shares of the basic materials company’s stock worth $51,000 after buying an additional 123 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Royal Gold Stock Down 3.6 %

Shares of NASDAQ:RGLD opened at $145.04 on Friday. The business has a fifty day moving average of $140.07 and a two-hundred day moving average of $142.20. The stock has a market cap of $9.54 billion, a P/E ratio of 28.78, a PEG ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 52-week low of $101.76 and a 52-week high of $155.64.

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

Royal Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.24%. Royal Gold’s payout ratio is currently 35.71%.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

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.