Epoch Investment Partners Inc. Has $9.03 Million Stock Holdings in Royal Gold, Inc. $RGLD

Epoch Investment Partners Inc. boosted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 81.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,482 shares of the basic materials company’s stock after acquiring an additional 15,879 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Royal Gold were worth $9,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGLD. Vanguard Group Inc. raised its stake in shares of Royal Gold by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock valued at $1,867,001,000 after acquiring an additional 1,681,577 shares during the last quarter. Capital International Investors acquired a new position in shares of Royal Gold during the fourth quarter worth $332,026,000. Van ECK Associates Corp grew its stake in shares of Royal Gold by 18.1% in the fourth quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after purchasing an additional 905,488 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Royal Gold by 89.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,855,877 shares of the basic materials company’s stock worth $412,543,000 after purchasing an additional 874,329 shares during the last quarter. Finally, Nuveen LLC increased its holdings in Royal Gold by 457.5% in the fourth quarter. Nuveen LLC now owns 925,906 shares of the basic materials company’s stock valued at $205,820,000 after purchasing an additional 759,810 shares during the period. 83.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on RGLD. Jefferies Financial Group lowered their target price on Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research report on Monday, July 6th. UBS Group lowered their price objective on Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. National Bank Financial cut their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Royal Bank Of Canada reduced their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.27.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $215.85, for a total transaction of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by insiders.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $200.96 on Friday. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $207.65 and a two-hundred day moving average price of $242.75. Royal Gold, Inc. has a 1-year low of $150.75 and a 1-year high of $306.25. The company has a market cap of $17.06 billion, a P/E ratio of 23.95, a PEG ratio of 1.38 and a beta of 0.44.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were given a dividend of $0.475 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.90 annualized dividend and a dividend yield of 0.9%. Royal Gold’s dividend payout ratio is presently 22.65%.

Royal Gold Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.