Sprott Inc. Grows Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Sprott Inc. increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,713 shares of the basic materials company’s stock after buying an additional 13,482 shares during the quarter. Sprott Inc. owned 0.09% of Royal Gold worth $7,873,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Veracity Capital LLC raised its stake in shares of Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after buying an additional 76 shares during the period. Savant Capital LLC increased its holdings in Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after acquiring an additional 93 shares in the last quarter. CIBC Asset Management Inc raised its stake in Royal Gold by 0.7% during the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after acquiring an additional 94 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Royal Gold by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock valued at $2,413,000 after purchasing an additional 100 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of 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 worth $41,000 after purchasing an additional 110 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Royal Gold Stock Down 0.2 %

Shares of Royal Gold stock opened at $150.86 on Wednesday. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.64. The business has a 50-day moving average price of $139.77 and a 200-day moving average price of $142.15.

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 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%. On average, equities analysts expect that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the business’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 sale, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is owned by insiders.

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.