Royal Gold, Inc. (NASDAQ:RGLD) Stock Holdings Lowered by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,880 shares of the basic materials company’s stock after selling 123 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Royal Gold were worth $643,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold during the 4th quarter worth $25,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 110 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Royal Gold in the 4th quarter valued at $42,000. Jones Financial Companies Lllp increased its stake in Royal Gold by 390.7% in the 4th quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 293 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Royal Gold by 66.7% during the 4th quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James raised their target price on shares of Royal Gold from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Royal Bank of Canada reduced their price target on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price objective 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 six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.75.

Royal Gold Stock Performance

Royal Gold stock opened at $155.48 on Wednesday. Royal Gold, Inc. has a twelve month low of $118.00 and a twelve month high of $169.00. The firm has a market cap of $10.22 billion, a PE ratio of 30.85, a P/E/G ratio of 3.42 and a beta of 0.77. The firm’s 50 day moving average price is $152.11 and its two-hundred day moving average price is $145.84.

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

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. 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 (DPR) 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.