American International Group Inc. lifted its stake in Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 133,681 shares of the basic materials company’s stock after buying an additional 367 shares during the quarter. American International Group Inc.’s holdings in Royal Gold were worth $11,450,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Visionary Asset Management Inc. increased its stake in shares of Royal Gold by 13.2% in the 4th quarter. Visionary Asset Management Inc. now owns 5,246 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 611 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Royal Gold by 52,558.9% in the 3rd quarter. Clearbridge Investments LLC now owns 582,934 shares of the basic materials company’s stock worth $44,921,000 after acquiring an additional 581,827 shares in the last quarter. Stone Ridge Asset Management LLC increased its stake in shares of Royal Gold by 16.4% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 6,386 shares of the basic materials company’s stock worth $492,000 after acquiring an additional 900 shares in the last quarter. Kopernik Global Investors LLC increased its stake in shares of Royal Gold by 19.3% in the 3rd quarter. Kopernik Global Investors LLC now owns 31,014 shares of the basic materials company’s stock worth $2,390,000 after acquiring an additional 5,021 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Royal Gold by 131.0% in the 4th quarter. State of Alaska Department of Revenue now owns 40,764 shares of the basic materials company’s stock worth $3,490,000 after acquiring an additional 23,116 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. TD Securities increased their price target on shares of Royal Gold from $94.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Raymond James reiterated an “outperform” rating and issued a $95.00 price target on shares of Royal Gold in a research note on Friday, February 8th. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research note on Tuesday, January 15th. Finally, ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $94.83.

NASDAQ:RGLD opened at $90.19 on Friday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 51.24, a PEG ratio of 5.81 and a beta of 0.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.48 and a quick ratio of 5.27. Royal Gold, Inc has a fifty-two week low of $70.16 and a fifty-two week high of $98.53.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 6th. The basic materials company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $97.60 million during the quarter, compared to analyst estimates of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. Royal Gold’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Equities research analysts expect that Royal Gold, Inc will post 1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.06 dividend on an annualized basis and a yield of 1.18%. Royal Gold’s dividend payout ratio is currently 60.23%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2019/03/15/royal-gold-inc-rgld-shares-bought-by-american-international-group-inc.html.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

Recommended Story: What factors cause inflation to rise?

Want to see what other hedge funds are holding RGLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL).

Institutional Ownership by Quarter for Royal Gold (NASDAQ:RGLD)

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.