Proficio Capital Partners LLC Takes Position in Royal Gold, Inc. (NASDAQ:RGLD)

Proficio Capital Partners LLC purchased a new position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 139,761 shares of the basic materials company’s stock, valued at approximately $18,427,000.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can increased its stake in Royal Gold by 187.5% during the 3rd quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock worth $18,049,000 after buying an additional 83,015 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Royal Gold by 213.1% during the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock worth $1,130,000 after purchasing an additional 5,480 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Royal Gold in the 3rd quarter valued at $1,201,000. Cerity Partners LLC raised its stake in Royal Gold by 114.5% in the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock valued at $4,527,000 after purchasing an additional 17,227 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Royal Gold in the 4th quarter valued at $455,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity at Royal Gold

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was 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 approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RGLD shares. 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. Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the company from $154.00 to $178.00 in a report on Tuesday, January 7th. Finally, TD Securities boosted their target price on Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.86.

Royal Gold Price Performance

Shares of Royal Gold stock opened at $147.00 on Friday. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. The business has a 50-day moving average of $140.55 and a 200 day moving average of $142.32. Royal Gold, Inc. has a 12 month low of $107.33 and a 12 month high of $155.64.

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

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is currently 35.71%.

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.