Twin Tree Management LP Lowers Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Twin Tree Management LP cut its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,550 shares of the basic materials company’s stock after selling 2,100 shares during the period. Twin Tree Management LP’s holdings in Royal Gold were worth $1,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RGLD. Exchange Traded Concepts LLC purchased a new position in shares of Royal Gold during the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold during the third quarter worth $36,000. Advisors Asset Management Inc. acquired a new stake in shares of Royal Gold during the third 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 purchasing an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $42,000. 83.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a 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. Based on data from MarketBeat.com, Royal Gold currently has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold Stock Performance

Royal Gold stock opened at $154.65 on Wednesday. Royal Gold, Inc. has a one year low of $107.33 and a one year high of $158.94. The business has a fifty day moving average of $145.13 and a two-hundred day moving average of $143.55. The company has a market cap of $10.17 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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 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%. Sell-side analysts predict that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Insider Transactions at Royal Gold

In other news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.