Royal Gold, Inc. (NASDAQ:RGLD) Stock Holdings Trimmed by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 116,327 shares of the basic materials company’s stock after selling 2,939 shares during the quarter. Royal Gold makes up about 3.3% of Euro Pacific Asset Management LLC’s holdings, making the stock its 9th largest holding. Euro Pacific Asset Management LLC’s holdings in Royal Gold were worth $15,361,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new position in shares of Royal Gold during the fourth quarter valued at about $25,000. Veracity Capital LLC increased its stake in Royal Gold by 5.0% during the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 76 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Royal Gold by 129.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,229 shares of the basic materials company’s stock worth $1,612,000 after buying an additional 6,899 shares during the last quarter. Barlow Wealth Partners Inc. lifted its stake in shares of Royal Gold by 5.9% during the fourth quarter. Barlow Wealth Partners Inc. now owns 110,872 shares of the basic materials company’s stock worth $15,166,000 after buying an additional 6,169 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Royal Gold by 33.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,913 shares of the basic materials company’s stock valued at $1,175,000 after buying an additional 2,231 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

RGLD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded 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 note on Tuesday, January 7th. TD Securities lifted 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. 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 report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $168.86.

Royal Gold Trading Up 0.5 %

Shares of RGLD stock opened at $139.44 on Friday. Royal Gold, Inc. has a twelve month low of $100.55 and a twelve month high of $155.10. The stock has a 50 day moving average of $140.57 and a 200 day moving average of $140.45. The stock has a market cap of $9.17 billion, a P/E ratio of 31.98, a P/E/G ratio of 0.84 and a beta of 0.90.

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

Royal Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.45 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, January 3rd. Royal Gold’s dividend payout ratio is presently 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.