Amundi Acquires 5,917 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Amundi grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,087 shares of the basic materials company’s stock after buying an additional 5,917 shares during the quarter. Amundi owned 0.14% of Royal Gold worth $12,956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Veracity Capital LLC raised its position in shares of Royal Gold by 5.0% in the 4th 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 raised its position in shares of Royal Gold by 0.4% in the 4th 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 raised its position in shares of Royal Gold by 0.7% in the 4th 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 raised its position in shares of Royal Gold by 0.5% in the 4th 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. raised its position in shares of Royal Gold by 61.1% in the 3rd 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 currently owned by institutional investors and hedge funds.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $154.20 on Friday. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $157.67. The firm has a 50 day moving average price of $143.87 and a two-hundred day moving average price of $143.23. The stock has a market cap of $10.14 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly 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 net margin of 46.15% and a return on equity of 11.46%. Analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is currently 35.71%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their target price for the company from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $168.86.

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.