Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Kopernik Global Investors LLC

Kopernik Global Investors LLC trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 518,178 shares of the basic materials company’s stock after selling 10,059 shares during the period. Royal Gold makes up about 7.4% of Kopernik Global Investors LLC’s holdings, making the stock its 5th biggest position. Kopernik Global Investors LLC owned approximately 0.79% of Royal Gold worth $68,322,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Royal Gold by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,651,935 shares of the basic materials company’s stock valued at $877,058,000 after purchasing an additional 89,298 shares during the period. Geode Capital Management LLC grew its position in Royal Gold by 2.6% during the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock valued at $185,454,000 after purchasing an additional 33,151 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Royal Gold by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock valued at $63,843,000 after buying an additional 5,067 shares during the period. Norges Bank acquired a new position in Royal Gold in the 4th quarter valued at approximately $44,009,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in 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 hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Royal Gold Stock Up 5.0 %

Shares of RGLD stock opened at $179.58 on Friday. Royal Gold, Inc. has a 12 month low of $118.00 and a 12 month high of $181.51. The company has a market cap of $11.82 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 3.42 and a beta of 0.77. The business’s 50 day moving average is $154.43 and its two-hundred day moving average is $146.51.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.00%. Royal Gold’s payout ratio is presently 35.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Finally, Raymond James raised their price target on Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.75.

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.