Great Lakes Advisors LLC Raises Stock Position in Royal Gold, Inc. (NASDAQ:RGLD)

Great Lakes Advisors LLC boosted its position in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,027 shares of the basic materials company’s stock after acquiring an additional 19,089 shares during the period. Great Lakes Advisors LLC owned 0.12% of Royal Gold worth $10,815,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in Royal Gold in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new position in Royal Gold in the 3rd quarter worth approximately $36,000. Advisors Asset Management Inc. purchased a new position in Royal Gold in the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. grew its stake in 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 buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Royal Gold in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $153.40 on Thursday. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold, Inc. has a fifty-two week low of $107.33 and a fifty-two week high of $157.67. The firm has a 50 day moving average price of $143.06 and a 200-day moving average price of $143.09.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data 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 46.15% and a return on equity of 11.46%. As a group, equities research analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current year.

Royal Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a $0.45 dividend. 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 1.17%. Royal Gold’s payout ratio is 35.71%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Royal Gold from a “hold” rating to a “buy” rating and boosted their price target for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.86.

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.