Edmond DE Rothschild Holding S.A. Buys Shares of 1,417 Royal Gold, Inc. (NASDAQ:RGLD)

Edmond DE Rothschild Holding S.A. bought a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,417 shares of the basic materials company’s stock, valued at approximately $187,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Royal Gold by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 59,757 shares of the basic materials company’s stock worth $7,879,000 after acquiring an additional 1,128 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Royal Gold by 12.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,106 shares of the basic materials company’s stock valued at $1,464,000 after purchasing an additional 1,247 shares during the last quarter. Bcwm LLC purchased a new position in shares of Royal Gold in the fourth quarter valued at $1,100,000. Physician Wealth Advisors Inc. acquired a new position in shares of Royal Gold during the 4th quarter worth $95,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Royal Gold by 181.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 302,206 shares of the basic materials company’s stock worth $39,846,000 after buying an additional 194,905 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the sale, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 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, the company currently has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold Trading Up 0.2 %

NASDAQ:RGLD opened at $164.56 on Thursday. The company’s 50-day moving average is $150.16 and its two-hundred day moving average is $145.23. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a 12-month low of $118.00 and a 12-month high of $164.96.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (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, equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.09%. Royal Gold’s payout ratio is currently 35.71%.

About Royal Gold

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.