Premier Fund Managers Ltd Sells 5,911 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Premier Fund Managers Ltd decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 81.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,382 shares of the basic materials company’s stock after selling 5,911 shares during the period. Premier Fund Managers Ltd’s holdings in Royal Gold were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RGLD. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold during the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd bought a new stake in Royal Gold in the third quarter valued at $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold during the 3rd quarter valued at $38,000. Nomura Asset Management Co. Ltd. raised its holdings in Royal Gold by 61.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Royal Gold in the 4th quarter worth about $42,000. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Gold currently has an average rating of “Hold” and a consensus price target of $168.86.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $162.19 on Friday. Royal Gold, Inc. has a 1 year low of $118.00 and a 1 year high of $164.18. The firm has a 50-day moving average of $148.67 and a 200 day moving average of $144.67. The stock has a market cap of $10.67 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. Royal Gold’s payout ratio is presently 35.71%.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction dated 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 transaction, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by insiders.

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.