Parallel Advisors LLC Purchases 104 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Parallel Advisors LLC raised its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,075 shares of the basic materials company’s stock after buying an additional 104 shares during the quarter. Parallel Advisors LLC’s holdings in Royal Gold were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Veracity Capital LLC boosted its stake in Royal Gold by 5.0% in the fourth quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock worth $209,000 after buying an additional 76 shares in the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% in the fourth quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after acquiring an additional 93 shares during the period. CIBC Asset Management Inc lifted its position in shares of Royal Gold by 0.7% in the 4th quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock worth $1,700,000 after purchasing an additional 94 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Royal Gold by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the basic materials company’s stock worth $2,413,000 after purchasing an additional 100 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Royal Gold by 61.1% in the third 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 during the period. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Royal Gold Stock Performance

RGLD stock opened at $157.01 on Friday. The firm has a 50 day moving average price of $146.33 and a 200-day moving average price of $143.83. Royal Gold, Inc. has a 52-week low of $108.95 and a 52-week high of $158.94. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share for the quarter, beating 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, sell-side analysts forecast that Royal Gold, Inc. will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Insiders Place Their Bets

In other news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

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.