Bard Associates Inc. Lowers Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Bard Associates Inc. decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold during the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold during the 3rd quarter worth $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth $38,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of 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 valued at $41,000 after purchasing an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the fourth quarter valued at about $42,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 16,293 shares in the company, valued at $2,443,950. This trade 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. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on RGLD. TD Securities upped their target price on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and upped their price target for the stock from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, Raymond James raised their price objective on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Royal Gold has a consensus rating of “Hold” and a consensus target price of $168.86.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $147.56 on Tuesday. Royal Gold, Inc. has a 1 year low of $107.33 and a 1 year high of $155.64. The business has a 50 day moving average price of $140.55 and a 200 day moving average price of $142.46. The company has a market capitalization of $9.70 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.42 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, research analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio is currently 35.71%.

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.