Moran Wealth Management LLC Sells 649 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Moran Wealth Management LLC decreased its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,190 shares of the basic materials company’s stock after selling 649 shares during the quarter. Moran Wealth Management LLC’s holdings in Royal Gold were worth $948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold in the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd acquired a new position in Royal Gold in the 3rd quarter valued at $36,000. Advisors Asset Management Inc. bought a new position in Royal Gold during the 3rd quarter worth $38,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Gold by 61.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock worth $41,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought 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 institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $168.86.

Royal Gold Stock Performance

Shares of NASDAQ RGLD opened at $153.89 on Wednesday. The stock has a market capitalization of $10.12 billion, a P/E ratio of 30.53, a PEG ratio of 3.42 and a beta of 0.84. The stock’s fifty day moving average is $142.62 and its 200 day moving average is $143.00. Royal Gold, Inc. has a 52 week low of $107.33 and a 52 week high of $157.67.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 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%. Equities research analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, April 4th. This represents a $1.80 annualized dividend and a yield of 1.17%. Royal Gold’s dividend payout ratio is currently 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.