Royal Gold, Inc. (NASDAQ:RGLD) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 12.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,983 shares of the basic materials company’s stock after acquiring an additional 7,742 shares during the period. Kingsview Wealth Management LLC’s holdings in Royal Gold were worth $9,359,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the fourth quarter worth $25,000. Point72 Hong Kong Ltd purchased a new stake in Royal Gold during the 3rd quarter worth about $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth about $38,000. Nomura Asset Management Co. Ltd. boosted its position 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 acquiring an additional 110 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Royal Gold in the 3rd quarter valued at about $49,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Finally, Raymond James increased their target price 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. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $168.86.

Insider Transactions at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the 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 transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at $2,443,950. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.52% of the company’s stock.

Royal Gold Price Performance

RGLD stock opened at $144.48 on Friday. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90. The company has a fifty day moving average price of $139.49 and a 200 day moving average price of $140.72. Royal Gold, Inc. has a 12 month low of $100.55 and a 12 month high of $155.10.

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

Royal Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is presently 41.28%.

About Royal Gold

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.