Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by Bard Associates Inc.

Bard Associates Inc. decreased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,463 shares of the basic materials company’s stock after selling 99 shares during the period. Bard Associates Inc.’s holdings in Royal Gold were worth $2,434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of RGLD. Exchange Traded Concepts LLC acquired a new position in Royal Gold during the 4th quarter worth $25,000. Point72 Hong Kong Ltd acquired a new position in shares of Royal Gold during the third quarter worth about $36,000. Advisors Asset Management Inc. purchased a new stake in shares of Royal Gold during the third quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. raised its holdings in Royal Gold by 61.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Up 0.4 %

NASDAQ:RGLD opened at $147.56 on Tuesday. The company has a market capitalization of $9.70 billion, a PE ratio of 29.28, a P/E/G ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $155.64. The stock’s 50 day moving average price is $140.55 and its 200 day moving average price is $142.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s payout ratio is 35.71%.

Analysts Set New Price Targets

RGLD has been the topic of a number of analyst reports. TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and lifted their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Raymond James increased their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $168.86.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.52% of the company’s stock.

About Royal Gold

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.