Savant Capital LLC Purchases 93 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Savant Capital LLC lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,112 shares of the basic materials company’s stock after acquiring an additional 93 shares during the period. Savant Capital LLC’s holdings in Royal Gold were worth $2,784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in shares of Royal Gold by 13,968.8% in the third quarter. International Assets Investment Management LLC now owns 84,694 shares of the basic materials company’s stock worth $11,883,000 after purchasing an additional 84,092 shares in the last quarter. Bank of Montreal Can lifted its position in Royal Gold by 187.5% during 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. Swedbank AB purchased a new position in Royal Gold in the third quarter worth $11,246,000. FMR LLC boosted its stake in Royal Gold by 35.3% in the third quarter. FMR LLC now owns 178,719 shares of the basic materials company’s stock worth $25,074,000 after buying an additional 46,615 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Royal Gold by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,637,739 shares of the basic materials company’s stock valued at $553,810,000 after purchasing an additional 39,394 shares during the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Royal Gold Price Performance

Royal Gold stock opened at $147.19 on Thursday. The business has a fifty day moving average price of $139.37 and a 200-day moving average price of $141.00. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 0.87 and a beta of 0.90. Royal Gold, Inc. has a 1-year low of $100.55 and a 1-year high of $155.10.

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, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 42.93% and a return on equity of 10.18%. On average, equities research analysts anticipate that Royal Gold, Inc. will post 5.16 earnings per share for the current fiscal year.

Royal Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, January 3rd. This is a positive change from Royal Gold’s previous quarterly dividend of $0.40. Royal Gold’s payout ratio is presently 41.28%.

Insider Activity at Royal Gold

In related news, SVP Daniel Breeze sold 549 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $150.00, for a total value of $82,350.00. Following the completion of the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $2,443,950. This represents a 3.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

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.