Capital Performance Advisors LLP Grows Stock Holdings in Royal Gold, Inc. (NASDAQ:RGLD)

Capital Performance Advisors LLP grew its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,911 shares of the basic materials company’s stock after acquiring an additional 553 shares during the period. Capital Performance Advisors LLP’s holdings in Royal Gold were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Creative Planning raised its holdings in shares of Royal Gold by 1.9% during the 3rd quarter. Creative Planning now owns 8,347 shares of the basic materials company’s stock valued at $1,171,000 after buying an additional 157 shares during the period. Swedbank AB acquired a new stake in Royal Gold in the third quarter valued at approximately $11,246,000. Vontobel Holding Ltd. purchased a new stake in shares of Royal Gold during the third quarter valued at approximately $225,000. Claro Advisors LLC acquired a new position in shares of Royal Gold during the third quarter worth $233,000. Finally, Blue Trust Inc. boosted its stake in shares of Royal Gold by 108.7% in the third quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Trading Up 1.6 %

RGLD stock opened at $147.19 on Thursday. The stock’s 50 day simple moving average is $139.37 and its 200 day simple moving average is $141.00. Royal Gold, Inc. has a 12-month low of $100.55 and a 12-month high of $155.10. The firm has a market cap of $9.68 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.87 and a beta of 0.90.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. On average, research analysts forecast that Royal Gold, Inc. will post 5.16 EPS for the current fiscal year.

Royal Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders 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 yield of 1.22%. This is a boost from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s dividend payout ratio (DPR) is currently 41.28%.

Insiders Place Their Bets

In other Royal Gold news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was 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 $2,443,950. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and lifted their price target 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 research report on Thursday, November 7th. Finally, Raymond James increased their price target on Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.