Pacer Advisors Inc. Buys 3,634 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Pacer Advisors Inc. raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,999 shares of the basic materials company’s stock after purchasing an additional 3,634 shares during the period. Pacer Advisors Inc. owned approximately 0.06% of Royal Gold worth $5,538,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Royal Gold in the fourth quarter valued at about $25,000. Point72 Hong Kong Ltd acquired a new position in Royal Gold in the 3rd quarter valued at approximately $36,000. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold in the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Royal Gold by 61.1% during the 3rd 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 in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Royal Gold during the third quarter valued at approximately $49,000. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Royal Gold news, Director William M. Hayes sold 1,984 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $147.05, for a total transaction of $291,747.20. Following the transaction, the director now owns 9,268 shares in the company, valued at approximately $1,362,859.40. This trade represents a 17.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 549 shares of Royal Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the transaction, the senior vice president now owns 16,293 shares in the company, valued at approximately $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. 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. TD Securities lifted their target price 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. Finally, Raymond James increased their price target on shares of Royal Gold from $184.00 to $186.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $168.86.

Royal Gold Trading Down 1.1 %

NASDAQ RGLD opened at $137.46 on Thursday. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10. The company has a 50 day moving average of $140.01 and a 200-day moving average of $140.58. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 0.84 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.13. The firm had revenue of $193.84 million during the quarter, compared to analysts’ expectations of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The business’s revenue was up 39.8% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. On average, analysts forecast that Royal Gold, Inc. will post 5.16 earnings per share for the current year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.45 per share. This is an increase from Royal Gold’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 3rd. This represents a $1.80 annualized dividend and a yield of 1.31%. Royal Gold’s dividend payout ratio is 41.28%.

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.