Royal Gold, Inc. (NASDAQ:RGLD) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,703 shares of the basic materials company’s stock after selling 8,375 shares during the period. Royal Gold accounts for 1.0% of U S Global Investors Inc.’s portfolio, making the stock its 23rd largest position. U S Global Investors Inc. owned approximately 0.11% of Royal Gold worth $9,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RGLD. Versor Investments LP boosted its position in Royal Gold by 233.3% during the 4th quarter. Versor Investments LP now owns 9,000 shares of the basic materials company’s stock worth $1,187,000 after acquiring an additional 6,300 shares during the period. Proficio Capital Partners LLC bought a new position in Royal Gold in the 4th quarter valued at about $18,427,000. Sprott Inc. increased its stake in Royal Gold by 29.2% during the 4th quarter. Sprott Inc. now owns 59,713 shares of the basic materials company’s stock valued at $7,873,000 after buying an additional 13,482 shares during the period. Amalgamated Bank lifted its stake in shares of Royal Gold by 0.6% in the 4th quarter. Amalgamated Bank now owns 31,521 shares of the basic materials company’s stock worth $4,156,000 after acquiring an additional 182 shares during the period. Finally, Pring Turner Capital Group Inc. increased its stake in shares of Royal Gold by 11.2% during the fourth quarter. Pring Turner Capital Group Inc. now owns 22,201 shares of the basic materials company’s stock valued at $2,927,000 after acquiring an additional 2,244 shares during the period. 83.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Royal Gold Stock Performance

NASDAQ RGLD opened at $145.04 on Friday. The business has a 50 day simple moving average of $140.07 and a 200 day simple moving average of $142.20. Royal Gold, Inc. has a 52-week low of $101.76 and a 52-week high of $155.64. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.42 and a beta of 0.90.

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

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.24%. Royal Gold’s payout ratio is 35.71%.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the sale, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

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.