Royal Gold, Inc. (NASDAQ:RGLD) Stake Raised by AlphaQuest LLC

AlphaQuest LLC increased its holdings in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 870.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the basic materials company’s stock after acquiring an additional 3,865 shares during the period. AlphaQuest LLC’s holdings in Royal Gold were worth $568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Royal Gold by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,321,555 shares of the basic materials company’s stock worth $185,454,000 after acquiring an additional 33,151 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Royal Gold by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,207 shares of the basic materials company’s stock worth $63,843,000 after purchasing an additional 5,067 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Royal Gold by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 194,326 shares of the basic materials company’s stock worth $27,264,000 after purchasing an additional 1,636 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Royal Gold by 1.9% during the 4th quarter. Rhumbline Advisers now owns 179,029 shares of the basic materials company’s stock worth $23,605,000 after purchasing an additional 3,286 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Royal Gold by 35.3% during the 3rd quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after purchasing an additional 46,615 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Shares of NASDAQ 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 P/E/G ratio of 3.42 and a beta of 0.84. The business’s 50-day simple moving average is $143.06 and its 200-day simple moving average is $143.09. Royal Gold, Inc. has a 52 week low of $107.33 and a 52 week high of $157.67.

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

Royal Gold Dividend Announcement

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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, April 4th. Royal Gold’s dividend payout ratio is 35.71%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and raised 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 given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Gold has a consensus rating of “Hold” and a consensus 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.