Royal Gold, Inc. (NASDAQ:RGLD) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,793 shares of the basic materials company’s stock after purchasing an additional 2,643 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Royal Gold were worth $2,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RGLD. International Assets Investment Management LLC lifted its position in Royal Gold by 12,032.4% during the 4th quarter. International Assets Investment Management LLC now owns 183,685 shares of the basic materials company’s stock worth $22,219,000 after acquiring an additional 182,171 shares in the last quarter. Van ECK Associates Corp lifted its position in Royal Gold by 1.3% during the 3rd quarter. Van ECK Associates Corp now owns 4,280,676 shares of the basic materials company’s stock worth $455,165,000 after acquiring an additional 54,449 shares in the last quarter. American Century Companies Inc. lifted its position in Royal Gold by 28.0% during the 3rd quarter. American Century Companies Inc. now owns 236,621 shares of the basic materials company’s stock worth $25,160,000 after acquiring an additional 51,795 shares in the last quarter. Gotham Asset Management LLC lifted its position in Royal Gold by 261.9% during the 3rd quarter. Gotham Asset Management LLC now owns 47,225 shares of the basic materials company’s stock worth $5,021,000 after acquiring an additional 34,175 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Royal Gold by 157.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,382 shares of the basic materials company’s stock worth $5,463,000 after acquiring an additional 31,399 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on RGLD. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Jefferies Financial Group started coverage on Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a report on Thursday, February 15th. Finally, BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $148.00 to $158.00 in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.25.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $120.41 on Wednesday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $147.82. The company has a current ratio of 2.31, a quick ratio of 2.18 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 6.22 and a beta of 0.87. The business has a 50 day simple moving average of $113.87 and a 200-day simple moving average of $114.54.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share for the quarter, beating 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 business had revenue of $152.70 million during the quarter, compared to the consensus estimate of $140.32 million. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Royal Gold, Inc. will post 4.26 earnings per share for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. Royal Gold’s dividend payout ratio (DPR) is 43.96%.

Insider Activity

In related news, SVP Randy Shefman sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the completion of the transaction, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.52% of the company’s stock.

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.