Amalgamated Bank Buys 182 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Amalgamated Bank raised its stake in Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 31,521 shares of the basic materials company’s stock after buying an additional 182 shares during the period. Amalgamated Bank’s holdings in Royal Gold were worth $4,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in Royal Gold by 187.5% in the third quarter. Bank of Montreal Can now owns 127,285 shares of the basic materials company’s stock valued at $18,049,000 after purchasing an additional 83,015 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Royal Gold by 213.1% in the third quarter. Verition Fund Management LLC now owns 8,051 shares of the basic materials company’s stock valued at $1,130,000 after buying an additional 5,480 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Royal Gold during the 3rd quarter valued at $1,201,000. Cerity Partners LLC grew its stake in shares of Royal Gold by 114.5% during the 3rd quarter. Cerity Partners LLC now owns 32,268 shares of the basic materials company’s stock worth $4,527,000 after acquiring an additional 17,227 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of Royal Gold during the 4th quarter worth $455,000. 83.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Daniel Breeze sold 549 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $150.00, for a total transaction of $82,350.00. Following the completion of the transaction, the senior vice president now owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Royal Gold Trading Up 1.4 %

Shares of Royal Gold stock opened at $147.00 on Friday. The company’s 50-day moving average price is $140.29 and its 200-day moving average price is $142.22. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.42 and a beta of 0.90. Royal Gold, Inc. has a 12-month low of $101.94 and a 12-month high of $155.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. On average, sell-side analysts predict that Royal Gold, Inc. will post 6.2 earnings per share for the current 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s payout ratio is 35.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RGLD shares. Jefferies Financial Group upgraded Royal Gold from a “hold” rating to a “buy” rating and boosted their price objective for the company from $154.00 to $178.00 in a research note on Tuesday, January 7th. Raymond James boosted their price target on shares of Royal Gold from $184.00 to $186.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, TD Securities raised their price objective on shares of Royal Gold from $181.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.86.

Royal Gold 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.