SBI Securities Co. Ltd. Buys New Stake in Royal Gold, Inc. (NASDAQ:RGLD)

SBI Securities Co. Ltd. bought a new stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,143 shares of the basic materials company’s stock, valued at approximately $414,000.

A number of other large investors have also recently bought and sold shares of RGLD. Exchange Traded Concepts LLC acquired a new stake in Royal Gold during the 4th quarter worth $25,000. Point72 Hong Kong Ltd acquired a new stake in shares of Royal Gold in the 3rd quarter worth $36,000. Advisors Asset Management Inc. acquired a new stake in shares of Royal Gold in the 3rd quarter worth $38,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Royal Gold by 61.1% in 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 during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Royal Gold in the 4th quarter worth $42,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Price Performance

Shares of NASDAQ RGLD opened at $147.73 on Wednesday. The company has a market cap of $9.71 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 12 month low of $107.33 and a 12 month high of $155.64. The company has a 50-day simple moving average of $140.84 and a 200-day simple moving average of $142.56.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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 anticipate that Royal Gold, Inc. will post 6.2 EPS for the current year.

Royal Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

Insider Buying and Selling

In related news, SVP Daniel Breeze sold 549 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $150.00, for a total value of $82,350.00. Following the sale, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

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

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.