Larson Financial Group LLC Acquires 200 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Larson Financial Group LLC lifted its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 526.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238 shares of the basic materials company’s stock after acquiring an additional 200 shares during the period. Larson Financial Group LLC’s holdings in Royal Gold were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in RGLD. Van ECK Associates Corp increased its position in Royal Gold by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock valued at $455,165,000 after buying an additional 54,449 shares in the last quarter. Northern Trust Corp increased its position in Royal Gold by 0.5% in the 3rd quarter. Northern Trust Corp now owns 699,138 shares of the basic materials company’s stock valued at $74,339,000 after buying an additional 3,541 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Royal Gold by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 450,135 shares of the basic materials company’s stock valued at $47,863,000 after buying an additional 3,067 shares in the last quarter. California Public Employees Retirement System increased its position in Royal Gold by 3.1% in the 4th quarter. California Public Employees Retirement System now owns 247,112 shares of the basic materials company’s stock valued at $29,891,000 after buying an additional 7,334 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Royal Gold by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company’s stock valued at $25,160,000 after buying an additional 51,795 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Insider Transactions at Royal Gold

In other news, VP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.18, for a total value of $52,090.00. Following the transaction, the vice president now owns 9,473 shares in the company, valued at approximately $986,897.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.52% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $124.58 on Friday. Royal Gold, Inc. has a 52 week low of $100.55 and a 52 week high of $147.82. The stock has a 50 day moving average price of $114.71 and a two-hundred day moving average price of $114.76. The firm has a market capitalization of $8.19 billion, a P/E ratio of 34.23, a P/E/G ratio of 7.10 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.18 and a current ratio of 2.31.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The firm had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Equities analysts forecast that Royal Gold, Inc. will post 4.36 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.40 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. Royal Gold’s payout ratio is presently 43.96%.

Analysts Set New Price Targets

A number of analysts recently commented on RGLD shares. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $148.00 to $158.00 in a research report on Wednesday, March 27th. Jefferies Financial Group started coverage on Royal Gold in a research report on Thursday, February 29th. They issued a “hold” rating and a $117.00 target price for the company. Finally, Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Royal Gold presently has a consensus rating of “Hold” and an average price target of $143.25.

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.