American Century Companies Inc. Buys 4,453 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

American Century Companies Inc. lifted its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,771 shares of the basic materials company’s stock after buying an additional 4,453 shares during the quarter. American Century Companies Inc.’s holdings in Royal Gold were worth $29,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in Royal Gold in the 4th quarter worth approximately $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold in the third quarter worth $36,000. Advisors Asset Management Inc. bought a new stake in shares of Royal Gold during the 3rd quarter valued at $38,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Royal Gold in the 4th quarter worth $42,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

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 company 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.86.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value 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. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by company insiders.

Royal Gold Stock Up 0.6 %

Shares of RGLD stock opened at $162.19 on Friday. The company’s fifty day simple moving average is $148.67 and its two-hundred day simple moving average is $144.67. Royal Gold, Inc. has a 52 week low of $118.00 and a 52 week high of $164.18. The stock has a market cap of $10.67 billion, a P/E ratio of 32.18, a PEG ratio of 3.42 and a beta of 0.84.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping 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%. On average, analysts anticipate that Royal Gold, Inc. will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is presently 35.71%.

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.