Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 129,300 shares of the basic materials company’s stock after buying an additional 900 shares during the period. Swiss National Bank’s holdings in Royal Gold were worth $17,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 33,151 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Royal Gold by 1.1% during the fourth 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. Rhumbline Advisers lifted its stake in shares of Royal Gold by 1.9% during the fourth quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock valued at $23,605,000 after buying an additional 3,286 shares during the period. FMR LLC lifted its stake in shares of Royal Gold by 35.3% during the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock valued at $25,074,000 after buying an additional 46,615 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $18,427,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus price target of $168.86.

Insider Activity

In other news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value 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. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Royal Gold Stock Down 0.3 %

NASDAQ:RGLD opened at $154.65 on Wednesday. The company has a market cap of $10.17 billion, a P/E ratio of 30.68, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $158.94. The firm’s 50 day moving average is $145.13 and its two-hundred day moving average is $143.55.

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

Royal Gold Announces Dividend

The firm also recently announced 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 1.16%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio is presently 35.71%.

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.