Callan Family Office LLC Takes $317,000 Position in Royal Gold, Inc. (NASDAQ:RGLD)

Callan Family Office LLC acquired a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,404 shares of the basic materials company’s stock, valued at approximately $317,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Royal Gold by 2.6% in the third quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after purchasing an additional 33,151 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Royal Gold by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock worth $63,843,000 after purchasing an additional 5,067 shares during the period. Victory Capital Management Inc. lifted its position in Royal Gold by 0.8% in the third quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after purchasing an additional 1,636 shares during the period. Rhumbline Advisers lifted its position in Royal Gold by 1.9% in the fourth quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock worth $23,605,000 after purchasing an additional 3,286 shares during the period. Finally, FMR LLC lifted its position in Royal Gold by 35.3% in the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after purchasing an additional 46,615 shares during the period. 83.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RGLD has been the subject of several research reports. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and raised their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Raymond James raised their target price on Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.86.

Royal Gold Price Performance

Royal Gold stock opened at $152.20 on Tuesday. The stock has a fifty day moving average price of $142.19 and a two-hundred day moving average price of $142.90. Royal Gold, Inc. has a 52-week low of $107.33 and a 52-week high of $156.35. The firm has a market capitalization of $10.01 billion, a P/E ratio of 30.20, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. On average, equities research analysts predict 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 paid 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 1.18%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

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.